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 January, the average price per sq.feet was $7,522. In the following month the price per sq.feet increased considerably to $16,515. The price for the following two months in (March, April) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $9,882.5 to $8,737.5 during May, and June.
Based upon to the price in Mine Hill (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $334,483. In February This price remains at $337,633. During the following two months (March, April) the average price had a considerable reduction of 45 % 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 150 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 8 % cheaper than the average price of $333,145 in Mine Hill. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 8 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 21 % cheaper than the average price of ($7,490 / 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 21 % 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 $363,983 it is 13 % cheaper than the average price in Mine Hill. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $318,189 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $6,406 / sq.feet followed by "House" priced at $7,490 / sq.feet. "House" is the cheapest type of property with a $7,490 / sq.feet value followed by "Commercial" with an average price of $6,406 / sq.feet.