The prices in real estate in Lake Hopatcong, in the New Jersey region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Lake Hopatcong has fallen in the last 6 months. In November, the average price per sq.feet was $410. In December this price pretty much remained the same at a value of $390 per sq.feet. The price for the following two months in (January, February) decreased 90 % with regard to the prior two months. The price per sq.feet has increased 106 % 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 $380 to $404 during March, and April.
Based upon to the price in Lake Hopatcong (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $914,489. In December This price remains at $880,975. During the following two months (January, February) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $982,119.25 to $844,392 in March and April.