The prices in real estate in Matawan, 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 Matawan has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $5,557. In the following month the price per sq.feet decreased to $4,934. The price for the following two months in (July, August) had a considerable decrease of 33 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $3,478.5 to $196 during September, and October.
Based upon to the price in Matawan (cities), this has fallen considerably in the last 6 months. The price in May is $530,975, rising in June till $573,450. During the following two months (July, August) the average price had a considerable reduction of 76 % 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 $486,028.75 to $382,666.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $386,828 they are 2 % more affordable than the average price for Matawan. The properties with the highest average price have 3 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 1 bedroom priced at $377,850.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $1,138 / sq.feet, with an average $199 / sq.feet price in Matawan. The properties with the highest average prices have 3 bedrooms. They are 901 % more expensive than the average followed by properties with 1 bedroom with a price at $1,138 / sq.feet.
With regard to the average price based upon the property in Matawan we can see that most expensive property type is "House" at a price of $496,067, they are 28 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 28 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $1,991 / sq.feet. "House" at an average price of $1,991 / sq.feet has the most expensive price and would be directed at more affluent cities.