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 December, the average price per sq.feet was $297. In January this price pretty much remained the same at a value of $300 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 38565 %. The price per sq.feet has increased 114 % 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 $57,707 to $65,927.5 during April, and May.
Based upon to the price in Montvale (cities), this has fallen considerably in the last 6 months. The average price for December is $837,310. During January the price had a slight fall till $790,854. During the following two months (February, March) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $737,658.75 to $592,218, which means a 80 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 40 % cheaper than the average price of $355,409 in Montvale. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 40 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 57 % cheaper than the average price of ($134 / sq.feet) in Montvale. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 57 % cheaper than the average value aforementioned.
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 $355,409, they are 40 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 40 % 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 $134 / sq.feet. "Apartment" with an average cost of $134 / sq.feet has the lowest price and would be directed at less affluent cities.