The prices in real estate in Mendham, 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 Mendham has increased strongly during the last 6 months. In April, the average price per sq.feet was $43,861. In the following month the price per sq.feet decreased considerably to $2,776. The price for the following two months in (June, July) had a considerable increment of 774 %. The price per sq.feet has had a considerable increase of 194 % 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 $101,925 to $198,099 during August, and September.
Based upon to the price in Mendham (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $896,758. In May This price remains at $893,788. During the following two months (June, July) the price has had an average incrementation from $895,273 to $1,012,650.5. 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 $953,961.75 and $997,166 between August and September.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 25 % more costly than the average price of $1,167,877 in Mendham. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 25 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 76 % cheaper than the average price of ($50,593 / sq.feet) in Mendham. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 76 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Mendham we can see that most expensive property type is "House" at a price of $1,167,877, they are 25 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 25 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $50,593 / sq.feet. "House" with an average cost of $50,593 / sq.feet has the lowest price and would be directed at less affluent cities.