Property prices for sale in Fort Lee (New Jersey)
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 $484. In November this price pretty much remained the same at a value of $484 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $484 to $504 per sq.feet. The price per sq.feet has increased 114 % 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 $494 to $565 during February, and March.
Based upon to the price in Fort Lee (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $586,568. In November This price remains at $558,893. In the following two months the average price has remained the same with regard to the previous two months from $572,730.5 to $579,970. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $682,994 they are 51 % more affordable than the average price for Fort Lee. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at $834,640.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $468 / sq.feet, with an average $603 / sq.feet price in Fort Lee. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 3 bedrooms with a price at $673 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $682,994 it is 29 % cheaper than the average price in Fort Lee. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,049,068 it is 106 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $486 / sq.feet followed by "Condo" priced at $614 / sq.feet. "Townhouse" is the most costly type of property with a $5,808 / sq.feet cost followed by "House" with an average price of $730 / sq.feet.
