The prices in real estate in Ewing Township, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Ewing Township has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $3,018. In the following month the price per sq.feet decreased considerably to $1,866. The price for the following two months in (July, August) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $1,701.5 to $136.5 during September, and October.
Based upon to the price in Ewing Township (cities), this has gone up in the last 6 months. The average price during our first sample month during May, is $193,800. During June the price went through a considerable rise reaching $236,560. In the following two months the average price has remained the same with regard to the previous two months from $215,180 to $205,718.5. 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 $210,449.25 and $200,766 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $198,573 they are 11 % more affordable than the average price for Ewing Township. The properties with the highest average price have 3 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 1 bedroom priced at $178,154.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $115 / sq.feet, with an average $138 / sq.feet price in Ewing Township. The properties with the highest average prices have 4 bedrooms. They are 3291 % more expensive than the average followed by properties with 3 bedrooms with a price at $135 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $198,573 it is 42 % cheaper than the average price in Ewing Township. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $115,648 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $63 / sq.feet followed by "House" priced at $4,680 / sq.feet. "House" is the most costly type of property with a $4,680 / sq.feet cost followed by "Office" with an average price of $63 / sq.feet.