The prices in real estate in Flanders, 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 Flanders has increased strongly during the last 6 months. In January, the average price per sq.feet was $223. In the following month the price per sq.feet increased considerably to $278. In the following two months the price per sq.feet has increased 108 %, going from $250.5 to $271 per sq.feet. The price per sq.feet has increased 108 % 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 $260.75 to $281 during May, and June.
Based upon to the price in Flanders (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $499,675. During February the price went through a considerable rise reaching $584,569. During the following two months (March, April) the price has had an average incrementation from $542,122 to $584,753.5. 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 $563,437.75 and $588,283.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $586,487 they are 8 % more affordable than the average price for Flanders. The properties with the highest average price have 2 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 1 bedroom priced at $550,759.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $254 / sq.feet, with an average $285 / sq.feet price in Flanders. The properties with the highest average prices have 3 bedrooms. They are 498 % more expensive than the average followed by properties with 2 bedrooms with a price at $292 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $586,487 it is 22 % cheaper than the average price in Flanders. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $538,379 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $218 / sq.feet followed by "Commercial Property" priced at $610 / sq.feet. "House" is the most costly type of property with a $1,705 / sq.feet cost followed by "Commercial Property" with an average price of $610 / sq.feet.