The prices in real estate in Moorestown, 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 Moorestown has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $8,723. In the following month the price per sq.feet decreased to $8,028. The price for the following two months in (May, June) had a considerable decrease of 48 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 41 % 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 $6,217.25 to $2,558 during July, and August.
Based upon to the price in Moorestown (cities), this has gone downing the last 6 months. The price in March is $670,125, rising in April till $709,744. During the following two months (May, June) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $632,123.5 to $541,812 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $367,649 they are 194 % more expensive than the average price for Moorestown. Following this ranking we find those properties with 1 at an average price of $1,296,311. The properties with the highest average price have 1 bedroom, Their price is 253 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,081,953.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $4,661 / sq.feet, with an average $177 / sq.feet price in Moorestown. The properties with the highest average prices have 1 bedroom. They are 6233 % more expensive than the average followed by properties with 3 bedrooms with a price at $4,661 / 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 $1,081,953, they are 194 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 194 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $4,661 / sq.feet. "House" at an average price of $4,661 / sq.feet has the most expensive price and would be directed at more affluent cities.