The prices in real estate in Montvale, 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 Montvale has increased strongly during the last 6 months. In October, the average price per sq.feet was $382. In the following month the price per sq.feet increased considerably to $48,503. The price for the following two months in (December, January) had a considerable increment of 403 %. The price per sq.feet has had a considerable increase of 221 % 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 $61,471.75 to $135,848.5 during February, and March.
Based upon to the price in Montvale (cities), these have remained the same in the last 6 months. The price in October is $1,085,243, rising in November till $1,142,066. In the following two months the average price has remained the same with regard to the previous two months from $1,113,654.5 to $1,108,029.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,110,842 and $1,121,150 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,170,756 they are 71 % more affordable than the average price for Montvale. The properties with the lowest average price have 1 bedroom, Their price is 70 % cheaper than the average. After that we have properties with 2 bedrooms priced at $347,312.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $101 / sq.feet, with an average $230,770 / sq.feet price in Montvale. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $111 / sq.feet.
With regard to the average price based upon the property in Montvale we can see that the cheapest property type is "Apartment" at a price of $343,850, they are 71 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 71 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $101 / sq.feet. "Apartment" with an average cost of $101 / sq.feet has the lowest price and would be directed at less affluent cities.