The prices in real estate in Mays Landing, 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 Mays Landing has increased strongly during the last 6 months. In October, the average price per sq.feet was $115. In the following month the price per sq.feet increased to $124. In the following two months the price per sq.feet has increased 110 %, going from $119.5 to $131 per sq.feet. The price per sq.feet has increased 114 % 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 $125.25 to $142.5 during February, and March.
Based upon to the price in Mays Landing (cities), this has gone up considerably in the last 6 months. The price in October is $205,628, rising in November till $231,117. During the following two months (December, January) the price has had an average incrementation from $218,372.5 to $240,799. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $270,451 they are 35 % more affordable than the average price for Mays Landing. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 1 bedroom priced at $247,108.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $129 / sq.feet, with an average $150 / sq.feet price in Mays Landing. The properties with the lowest average prices have 2 bedrooms. They are 6 % cheaper than the average followed by properties with 1 bedroom with a price at $130 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $270,451 it is 21 % cheaper than the average price in Mays Landing. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $244,643 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $120 / sq.feet followed by "Commercial" priced at $251 / sq.feet. "House" is the most costly type of property with a $9,315 / sq.feet cost followed by "Commercial" with an average price of $251 / sq.feet.