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 January, the average price per sq.feet was $315. In the following month the price per sq.feet decreased considerably to $267. The price for the following two months in (March, April) had a considerable increment of 157 %. The price per sq.feet has had a considerable increase of 43354 % 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 $373.5 to $161,926.5 during May, and June.
Based upon to the price in Mahwah (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $753,609. In February This price remains at $735,507. During the following two months (March, April) the average price fell 91 % 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 159 % 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 $1,068,660 they are 19 % more expensive than the average price for Mahwah. Following this ranking we find those properties with 2 at an average price of $1,270,682. The properties with the highest average price have 1 bedroom, Their price is 21 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,270,682.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $304 / sq.feet, with an average $321,546 / sq.feet price in Mahwah. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $305 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,068,660 it is 93 % 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 $402,565 it is 19 % 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 $22 / sq.feet followed by "Apartment" priced at $304 / sq.feet. "Condo" is the cheapest type of property with a $16,007 / sq.feet value followed by "Apartment" with an average price of $304 / sq.feet.