The prices in real estate in Montvale, in the New Jersey region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Montvale has increased during the last 6 months. In March, the average price per sq.feet was $293. In the following month the price per sq.feet increased to $309. In the following two months the price per sq.feet has increased 111 %, going from $301 to $334 per sq.feet. The price per sq.feet has increased 106 % 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 $317.5 to $336.5 during July, and August.
Based upon to the price in Montvale (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $870,625. In April This price remains at $866,686. During the following two months (May, June) the average price had a considerable increase of 117 % 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 gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,024,714 they are 66 % more affordable than the average price for Montvale. The properties with the lowest average price have 1 bedroom, Their price is 66 % cheaper than the average. After that we have properties with 3 bedrooms priced at $346,270.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $334 / sq.feet price in Montvale. The properties with the lowest average prices have 1 bedroom. They are 65 % cheaper than the average followed by properties with 3 bedrooms with a price at $108 / 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 $346,270, they are 66 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 66 % 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 $108 / sq.feet. "Apartment" with an average cost of $108 / sq.feet has the lowest price and would be directed at less affluent cities.