Property prices for sale in Hopatcong (New Jersey)
The prices in real estate in Hopatcong, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Hopatcong has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $5,822. In the following month the price per sq.feet decreased considerably to $258. The price for the following two months in (December, January) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $1,668.25 to $1,317 during February, and March.
Based upon to the price in Hopatcong (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $412,381. In November This price remains at $417,254. During the following two months (December, January) the average price had a considerable increase of 135 % 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 $487,237.5 to $390,173.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $365,362 they are 18 % more affordable than the average price for Hopatcong. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at $394,200.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $262 / sq.feet, with an average $1,437 / sq.feet price in Hopatcong. The properties with the highest average prices have 4 bedrooms. They are 3326 % more expensive than the average followed by properties with 1 bedroom with a price at $1,268 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $365,362 it is 68 % cheaper than the average price in Hopatcong. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $428,137 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $287 / sq.feet followed by "House" priced at $342 / sq.feet. "Land" is the most costly type of property with a $110,373 / sq.feet cost followed by "House" with an average price of $342 / sq.feet.
