The prices in real estate in Irvington, 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 Irvington has increased strongly during the last 6 months. In October, the average price per sq.feet was $99. In November this price pretty much remained the same at a value of $100 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $99.5 to $99 per sq.feet. The price per sq.feet has had a considerable increase of 4578 % 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 $99.25 to $4,544 during February, and March.
Based upon to the price in Irvington (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $182,655. In November This price remains at $184,587. In the following two months the average price has remained the same with regard to the previous two months from $183,621 to $179,188. During the last two months the average price has had a strong fall compared to the previous four going from $181,404.5 to $125,964, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $122,714 they are 42 % more affordable than the average price for Irvington. The properties with the lowest average price have 3 bedrooms, Their price is 30 % cheaper than the average. After that we have properties with 4 bedrooms priced at $85,960.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $805 / sq.feet, with an average $9,005 / sq.feet price in Irvington. The properties with the lowest average prices have 3 bedrooms. They are 90 % cheaper than the average followed by properties with 4 bedrooms with a price at $870 / sq.feet.
With regard to the average price based upon the property in Irvington we can see that the cheapest property type is "House" at a price of $85,960, they are 30 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 30 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $870 / sq.feet. "House" with an average cost of $870 / sq.feet has the lowest price and would be directed at less affluent cities.