Property prices for sale in Franklin Lakes (New Jersey)
The prices in real estate in Franklin Lakes, 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 Franklin Lakes has increased strongly during the last 6 months. In October, the average price per sq.feet was $853,321. In the following month the price per sq.feet decreased considerably to $649,149. The price for the following two months in (December, January) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 186 % 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 $814,831.75 to $1,517,040.5 during February, and March.
Based upon to the price in Franklin Lakes (cities), this has gone up considerably in the last 6 months. The average price for October is $2,024,591. During November the price had a slight fall till $1,760,806. During the following two months (December, January) the average price had a considerable increase of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 140 % 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 $2,917,552 they are 57 % more affordable than the average price for Franklin Lakes. The properties with the lowest average price have 1 bedroom, Their price is 56 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,268,281.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $280 / sq.feet, with an average $1,662,393 / sq.feet price in Franklin Lakes. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $318 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $2,917,552 it is 58 % cheaper than the average price in Franklin Lakes. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "House". At a price of $1,252,202 it is 54 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $280 / sq.feet followed by "Commercial" priced at $281 / sq.feet. "Commercial Property" is the cheapest type of property with a $10,622 / sq.feet value followed by "Commercial" with an average price of $281 / sq.feet.
