Property prices for sale in Mahwah (New Jersey)
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 October, the average price per sq.feet was $160,491. In the following month the price per sq.feet decreased to $150,849. The price for the following two months in (December, January) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 235 % 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 $172,408.75 to $405,685 during February, and March.
Based upon to the price in Mahwah (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $873,515. In November This price remains at $862,108. In the following two months the average price has remained the same with regard to the previous two months from $867,811.5 to $861,193. Based on an analysis of the first four prices and the last two months the average price has risen strongly 166 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,797,978 they are 79 % more affordable than the average price for Mahwah. The properties with the lowest average price have 4 bedrooms, Their price is 49 % cheaper than the average. After that we have properties with 3 bedrooms priced at $677,765.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $284 / sq.feet, with an average $583,701 / sq.feet price in Mahwah. The properties with the lowest average prices have 4 bedrooms. They are 42 % cheaper than the average followed by properties with 1 bedroom with a price at $397 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $1,797,978 it is 96 % cheaper than the average price in Mahwah. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,213,504 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $259 / sq.feet followed by "Condo" priced at $424 / sq.feet. "House" is the cheapest type of property with a $317,605 / sq.feet value followed by "Condo" with an average price of $424 / sq.feet.
