The prices in real estate in Lavallette, 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 Lavallette has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $5,302. In the following month the price per sq.feet increased considerably to $7,681. The price for the following two months in (January, February) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 18 % 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 $3,561.5 to $635.5 during March, and April.
Based upon to the price in Lavallette (cities), this has gone up considerably in the last 6 months. The price in November is $755,764, rising in December till $812,191. During the following two months (January, February) the average price had a considerable increase of 121 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,065,289 they are 68 % more affordable than the average price for Lavallette. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $730,295.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $432 / sq.feet, with an average $670 / sq.feet price in Lavallette. The properties with the lowest average prices have 3 bedrooms. They are 5 % cheaper than the average followed by properties with 2 bedrooms with a price at $637 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,065,289 it is 52 % cheaper than the average price in Lavallette. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $879,287 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $394 / sq.feet followed by "House" priced at $591 / sq.feet. "Condo" is the most costly type of property with a $177,738 / sq.feet cost followed by "House" with an average price of $591 / sq.feet.