The prices in real estate in Monmouth Beach, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Monmouth Beach has remained the same in the last 6 months. In September, the average price per sq.feet was $616. In October this price pretty much remained the same at a value of $614 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $615 to $642 per sq.feet. The price per sq.feet has increased 105 % 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 $628.5 to $661 during January, and February.
Based upon to the price in Monmouth Beach (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $1,070,370. In October This price remains at $1,026,222. During the following two months (November, December) the average price had a considerable increase of 118 % 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 displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,519,850 they are 62 % more affordable than the average price for Monmouth Beach. The properties with the highest average price have 3 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,577,839.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $614 / sq.feet, with an average $674 / sq.feet price in Monmouth Beach. The properties with the highest average prices have 2 bedrooms. They are 6916 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,043 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,519,850 it is 52 % cheaper than the average price in Monmouth Beach. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $1,468,883 it is 37 % 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 $565 / sq.feet followed by "Apartment" priced at $724 / sq.feet. "House" is the most costly type of property with a $828 / sq.feet cost followed by "Apartment" with an average price of $724 / sq.feet.