The prices in real estate in Mine Hill, 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 Mine Hill has increased strongly during the last 6 months. In May, the average price per sq.feet was $899. In the following month the price per sq.feet increased considerably to $9,662. The price for the following two months in (July, August) had a considerable increment of 2967 %. The price per sq.feet has had a considerable increase of 363 % 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 $80,970.5 to $294,126 during September, and October.
Based upon to the price in Mine Hill (cities), this has fallen considerably in the last 6 months. The average price for May is $633,267. During June the price had a considerable reduction till $299,920. During the following two months (July, August) the average price had a considerable reduction of 44 % 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 126 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 4 % more costly than the average price of $329,823 in Mine Hill. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 4 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 87 % cheaper than the average price of ($7,410 / sq.feet) in Mine Hill. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 87 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $318,213 it is 1 % cheaper than the average price in Mine Hill. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $315,017 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $6,336 / sq.feet followed by "House" priced at $7,410 / sq.feet. "House" is the cheapest type of property with a $7,410 / sq.feet value followed by "Commercial" with an average price of $6,336 / sq.feet.