The prices in real estate in Monmouth Beach, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Monmouth Beach has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $165,963. In the following month the price per sq.feet increased considerably to $220,120. The price for the following two months in (September, October) had a considerable decrease of 22 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $117,570 to $116,258 during November y December
Based upon to the price in Monmouth Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $1,004,500. During August the price went through a considerable rise reaching $1,188,333. During the following two months (September, October) 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 118 % 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 78 % cheaper than the average price of $371,667 in Monmouth Beach. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 65 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of ($375 / sq.feet) in Monmouth Beach. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 42 % cheaper than the average value aforementioned.