The prices in real estate in Egg Harbor City, in the New Jersey region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Egg Harbor City has increased strongly during the last 6 months. In September, the average price per sq.feet was $252. In the following month the price per sq.feet increased considerably to $550. The price for the following two months in (November, December) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable increase of 358 % 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 $352.5 to $1,260.5 during January, and February.
Based upon to the price in Egg Harbor City (cities), this has fallen considerably in the last 6 months. The average price for September is $369,145. During October the price had a slight fall till $338,715. During the following two months (November, December) the average price had a considerable reduction of 80 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $319,011.25 and $308,247 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $289,274 they are 28 % more affordable than the average price for Egg Harbor City. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 2 bedrooms priced at $315,481.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $173 / sq.feet, with an average $2,065 / sq.feet price in Egg Harbor City. The properties with the highest average prices have 2 bedrooms. They are 2322 % more expensive than the average followed by properties with 3 bedrooms with a price at $414 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $289,274 it is 35 % cheaper than the average price in Egg Harbor City. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $301,566 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $150 / sq.feet followed by "House" priced at $539 / sq.feet. "Land" is the most costly type of property with a $71,471 / sq.feet cost followed by "House" with an average price of $539 / sq.feet.