The prices in real estate in Moorestown, 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 Moorestown has increased strongly during the last 6 months. In May, the average price per sq.feet was $209. In the following month the price per sq.feet increased considerably to $90,174. The price for the following two months in (July, August) had a considerable increment of 210 %. The price per sq.feet has had a considerable deflation of 60 % 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 $70,085.75 to $42,032.5 during September, and October.
Based upon to the price in Moorestown (cities), this has gone up in the last 6 months. The average price during our first sample month during May, is $819,765. During June the price went through a considerable rise reaching $966,382. During the following two months (July, August) the price has had an average incrementation from $893,073.5 to $987,525.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $940,299.5 to $878,179.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $809,423 they are 32 % more expensive than the average price for Moorestown. Following this ranking we find those properties with 1 at an average price of $1,278,273. The properties with the highest average price have 1 bedroom, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,066,897.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $4,591 / sq.feet, with an average $9,529 / sq.feet price in Moorestown. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 3 bedrooms with a price at $4,591 / sq.feet.
With regard to the average price based upon the property in Moorestown we can see that most expensive property type is "House" at a price of $1,066,897, they are 32 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 32 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $4,591 / sq.feet. "House" with an average cost of $4,591 / sq.feet has the lowest price and would be directed at less affluent cities.