The prices in real estate in Edgewater, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Edgewater has remained the same in the last 6 months. In April, the average price per sq.feet was $370. In May this price pretty much remained the same at a value of $379 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 130 %. The price per sq.feet has had a considerable deflation of 49 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $430.75 to $211 during August, and September.
Based upon to the price in Edgewater (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $675,382. During May the price went through a considerable rise reaching $1,452,667. During the following two months (June, July) the average price fell 87 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $996,019.5 to $365,750.5, which means a 37 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $179,183 they are 262 % more expensive than the average price for Edgewater. Following this ranking we find those properties with 4 at an average price of $1,657,714. The properties with the highest average price have 4 bedrooms, Their price is 825 % more costly than the average. After that we have properties with 1 bedroom priced at $648,729.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $369 / sq.feet, with an average $119 / sq.feet price in Edgewater. The properties with the highest average prices have 1 bedroom. They are 244 % more expensive than the average followed by properties with 4 bedrooms with a price at $369 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of $179,183 it is 260 % more expensive than the average price in Edgewater. "Duplex" is seen as the second dearest property type. The dearest property type is "Triplex" followed by "House". At a price of $753,652 it is 571 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $270 / sq.feet followed by "Duplex" priced at $362 / sq.feet. "Triplex" is the most costly type of property with a $771 / sq.feet cost followed by "Townhouse" with an average price of $402 / sq.feet.