The prices in real estate in Gloucester City, 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 Gloucester City has increased strongly during the last 6 months. In January, the average price per sq.feet was $94. In February this price pretty much remained the same at a value of $95 per sq.feet. The price for the following two months in (March, April) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 9519 % 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 $89.25 to $8,496 during May, and June.
Based upon to the price in Gloucester City (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $148,267. In February This price remains at $148,371. During the following two months (March, April) the average price had a considerable reduction of 80 % 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 $133,429.5 to $101,800, which means a 76 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 1 % more costly than the average price of $93,434 in Gloucester City. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 1 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 16 % cheaper than the average price of ($14,192 / sq.feet) in Gloucester City. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 16 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $92,967 it is 42 % cheaper than the average price in Gloucester City. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of $53,549 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $19 / sq.feet followed by "House" priced at $14,192 / sq.feet. "House" is the cheapest type of property with a $14,192 / sq.feet value followed by "Commercial Property" with an average price of $19 / sq.feet.