The prices in real estate in Mahwah, 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 Mahwah has increased strongly during the last 6 months. In March, the average price per sq.feet was $339. In April this price pretty much remained the same at a value of $340 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 16679 %. The price per sq.feet has had a considerable deflation of 14 % 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 $28,482 to $3,910.5 during July, and August.
Based upon to the price in Mahwah (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $1,297,629. In April This price remains at $1,305,985. During the following two months (May, June) the average price had a considerable reduction of 39 % 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 gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $736,244 they are 74 % more expensive than the average price for Mahwah. Following this ranking we find those properties with 2 at an average price of $1,283,464. The properties with the highest average price have 1 bedroom, Their price is 77 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,283,464.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $314 / sq.feet, with an average $268 / sq.feet price in Mahwah. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $315 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $736,244 it is 90 % cheaper than the average price in Mahwah. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $406,617 it is 74 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $32 / sq.feet followed by "Apartment" priced at $314 / sq.feet. "Condo" is the most costly type of property with a $16,177 / sq.feet cost followed by "Apartment" with an average price of $314 / sq.feet.