Property prices for sale in Fair Lawn (New Jersey)
The prices in real estate in Fair Lawn, 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 Fair Lawn has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $387. In December this price pretty much remained the same at a value of $380 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $321 to $253 during March, and April.
Based upon to the price in Fair Lawn (cities), this has gone up in the last 6 months. The price in November is $591,719, rising in December till $649,617. In the following two months the average price has remained the same with regard to the previous two months from $620,668 to $637,942.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $706,099 they are 24 % more affordable than the average price for Fair Lawn. The properties with the lowest average price have 1 bedroom, Their price is 21 % cheaper than the average. After that we have properties with 2 bedrooms priced at $545,067.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $215 / sq.feet, with an average $257 / sq.feet price in Fair Lawn. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $237 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $706,099 it is 26 % cheaper than the average price in Fair Lawn. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $532,268 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $204 / sq.feet followed by "Townhouse" priced at $210 / sq.feet. "Commercial" is the cheapest type of property with a $227 / sq.feet value followed by "House" with an average price of $215 / sq.feet.
