The prices in real estate in Long Branch, 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 Long Branch has increased strongly during the last 6 months. In March, the average price per sq.feet was $408. In April this price pretty much remained the same at a value of $407 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $407.5 to $418 per sq.feet. The price per sq.feet has had a considerable increase of 1558 % 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 $412.75 to $6,431 during July, and August.
Based upon to the price in Long Branch (cities), these have remained the same in the last 6 months. The average price for March is $787,007. During April the price had a slight fall till $738,606. In the following two months the average price has remained the same with regard to the previous two months from $762,806.5 to $767,118. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $764,962.25 and $744,949.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $660,977 they are 57 % more affordable than the average price for Long Branch. The properties with the highest average price have 4 bedrooms, Their price is 71 % more costly than the average. After that we have properties with 3 bedrooms priced at $796,420.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $470 / sq.feet, with an average $9,009 / sq.feet price in Long Branch. The properties with the highest average prices have 2 bedrooms. They are 241 % more expensive than the average followed by properties with 1 bedroom with a price at $14,683 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of $660,977 it is 8 % more expensive than the average price in Long Branch. "Land" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $752,702 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $405 / sq.feet followed by "Land" priced at $3,181 / sq.feet. "Townhouse" is the most costly type of property with a $63,961 / sq.feet cost followed by "Condo" with an average price of $5,242 / sq.feet.