Property prices for sale in Lakewood (New Jersey)
The prices in real estate in Lakewood, 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 Lakewood has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $591. In the following month the price per sq.feet decreased considerably to $269. The price for the following two months in (January, February) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 62 % 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 $397.25 to $245.5 during March, and April.
Based upon to the price in Lakewood (cities), this has gone downing the last 6 months. The average price for November is $529,501. During December the price had a slight fall till $497,741. In the following two months the average price has remained the same with regard to the previous two months from $513,621 to $520,731.5. During the last two months the average price has had a strong fall compared to the previous four going from $517,176.25 to $422,222, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $382,696 they are 57 % more affordable than the average price for Lakewood. The properties with the highest average price have 4 bedrooms, Their price is 182 % more costly than the average. After that we have properties with 3 bedrooms priced at $609,332.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $216 / sq.feet, with an average $243 / sq.feet price in Lakewood. The properties with the highest average prices have 4 bedrooms. They are 133 % more expensive than the average followed by properties with 3 bedrooms with a price at $374 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $382,696 it is 55 % cheaper than the average price in Lakewood. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $289,546 it is 60 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $203 / sq.feet followed by "Apartment" priced at $230 / sq.feet. "Commercial" is the most costly type of property with a $1,856 / sq.feet cost followed by "House" with an average price of $310 / sq.feet.
