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 October, the average price per sq.feet was $13,017. In the following month the price per sq.feet decreased considerably to $564. The price for the following two months in (December, January) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1171 % 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 $3,584.75 to $41,990 during February, and March.
Based upon to the price in Mendham (cities), this has gone up considerably in the last 6 months. The average price for October is $1,586,359. During November the price had a slight fall till $1,371,552. During the following two months (December, January) the average price had a considerable increase of 125 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 169 % 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 $2,718,036 they are 59 % more affordable than the average price for Mendham. The properties with the lowest average price have 1 bedroom, Their price is 59 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,119,797.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $48,491 / sq.feet, with an average $28,676 / sq.feet price in Mendham. The properties with the highest average prices have 1 bedroom. They are 70 % more expensive than the average followed by properties with 2 bedrooms with a price at $48,491 / sq.feet.
With regard to the average price based upon the property in Mendham we can see that the cheapest property type is "House" at a price of $1,119,797, they are 59 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 59 % more affordable 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 $48,491 / sq.feet. "House" at an average price of $48,491 / sq.feet has the most expensive price and would be directed at more affluent cities.