The prices in real estate in Manahawkin, 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 Manahawkin has increased strongly during the last 6 months. In April, the average price per sq.feet was $248. In the following month the price per sq.feet decreased to $214. The price for the following two months in (June, July) had a considerable increment of 5834 %. The price per sq.feet has had a considerable deflation of 81 % 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 $6,854.25 to $5,547 during August, and September.
Based upon to the price in Manahawkin (cities), these have remained the same in the last 6 months. The average price for April is $436,528. During May the price had a slight fall till $408,793. In the following two months the average price has remained the same with regard to the previous two months from $422,660.5 to $415,281. 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 $418,970.75 and $425,495 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $426,763 they are 21 % more affordable than the average price for Manahawkin. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 1 bedroom priced at $406,478.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $182 / sq.feet, with an average $5,540 / sq.feet price in Manahawkin. The properties with the lowest average prices have 4 bedrooms. They are 69 % cheaper than the average followed by properties with 1 bedroom with a price at $182 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $426,763 it is 9 % cheaper than the average price in Manahawkin. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Villa". At a price of $402,993 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $171 / sq.feet followed by "Townhouse" priced at $178 / sq.feet. "Villa" is the cheapest type of property with a $210 / sq.feet value followed by "Farm" with an average price of $191 / sq.feet.