The prices in real estate in Mahwah, 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 Mahwah has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $177,931. In March this price pretty much remained the same at a value of $169,222 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $155,004.5 to $160.5 during June, and July.
Based upon to the price in Mahwah (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $958,589. In March This price remains at $957,000. During the following two months (April, May) the average price had a considerable reduction of 64 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $784,844.25 to $344,792.5, which means a 44 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $328,922 they are 46 % more affordable than the average price for Mahwah. The properties with the highest average price have 4 bedrooms, Their price is 101 % more costly than the average. After that we have properties with 2 bedrooms priced at $351,194.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $99 / sq.feet, with an average $166 / sq.feet price in Mahwah. The properties with the highest average prices have 4 bedrooms. They are 25501 % more expensive than the average followed by properties with 2 bedrooms with a price at $302 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $328,922 it is 79 % cheaper than the average price in Mahwah. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Townhouse". At a price of $349,902 it is 19 % 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 $112 / sq.feet followed by "Townhouse" priced at $469 / sq.feet. "Condo" is the most costly type of property with a $15,606 / sq.feet cost followed by "Townhouse" with an average price of $469 / sq.feet.