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 September, the average price per sq.feet was $284. In October this price pretty much remained the same at a value of $296 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $290 to $297.5 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 $293.75 to $301.5 during January y February
Based upon to the price in Fort Lee (cities), this has gone up in the last 6 months. The price in September is $421,373, rising in October till $461,919. In the following two months the average price has remained the same with regard to the previous two months from $441,646 to $451,253. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $506,117 they are 47 % more affordable than the average price for Fort Lee. The properties with the highest average price have 4 bedrooms, Their price is 129 % more costly than the average. After that we have properties with 3 bedrooms priced at $787,445.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $277 / sq.feet, with an average $313 / sq.feet price in Fort Lee. The properties with the highest average prices have 4 bedrooms. They are 50 % more expensive than the average followed by properties with 3 bedrooms with a price at $391 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $506,117 it is 11 % more expensive than the average price in Fort Lee. "Duplex" is seen as the second dearest property type. The dearest property type is "House" followed by "Commercial". At a price of $1,062,809 it is 197 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $323 / sq.feet followed by "Condo" priced at $367 / sq.feet. "Commercial" is the most costly type of property with a $5,886 / sq.feet cost followed by "Duplex" with an average price of $499 / sq.feet.