The prices in real estate in Fort Lee, in the New Jersey region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Fort Lee has increased during the last 6 months. In October, the average price per sq.feet was $281. In the following month the price per sq.feet increased to $307. In the following two months the price per sq.feet has barely changed, going from $294 to $303 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $298.5 to $285 during February y March
Based upon to the price in Fort Lee (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $965,333. During November the price went through a considerable rise reaching $1,234,843. During the following two months (December, January) the average price had a considerable reduction of 68 % 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 $922,899.5 to $498,633.5, which means a 54 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $514,767 they are 69 % more affordable than the average price for Fort Lee. The properties with the highest average price have 3 bedrooms, Their price is 116 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,106,227.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $159 / sq.feet, with an average $259 / sq.feet price in Fort Lee. The properties with the highest average prices have 3 bedrooms. They are 2290 % more expensive than the average followed by properties with 4 bedrooms with a price at $6,147 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most costly one. At an cost of $514,767 it is 16 % more expensive than the average price in Fort Lee. "Condo" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Condo". At a price of $1,100,704 it is 115 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $534 / sq.feet followed by "Condo" priced at $6,112 / sq.feet. "Apartment" is the most costly type of property with a $6,147 / sq.feet cost followed by "Condo" with an average price of $6,112 / sq.feet.