The prices in real estate in Kendall Park, 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 Kendall Park has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $242. In May this price pretty much remained the same at a value of $249 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $245.5 to $251 per sq.feet. The price per sq.feet has had a considerable deflation of 49 % 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 $248.25 to $120.5 during August, and September.
Based upon to the price in Kendall Park (cities), this has gone downing the last 6 months. The price in April is $490,362, rising in May till $559,892. In the following two months the average price has remained the same with regard to the previous two months from $525,127 to $521,308.5. During the last two months the average price has had a strong fall compared to the previous four going from $523,217.75 to $269,950, which means a 52 % fall.