The prices in real estate in Morganville, 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 Morganville has increased strongly during the last 6 months. In February, the average price per sq.feet was $1,248. In the following month the price per sq.feet decreased considerably to $228. The price for the following two months in (April, May) had a considerable decrease of 33 with regard to the prior two months. The price per sq.feet has had a considerable increase of 37775 % 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 $490 to $185,099 during June, and July.
Based upon to the price in Morganville (cities), these have remained the same in the last 6 months. The average price during our first sample month during February, is $967,742. During March the price went through a considerable rise reaching $1,264,444. In the following two months the average price has remained the same with regard to the previous two months from $1,116,093 to $1,163,271. During the last two months the average price has had a strong fall compared to the previous four going from $1,139,682 to $687,680, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $715,881 they are 26 % more expensive than the average price for Morganville. Following this ranking we find those properties with 3 at an average price of $903,067. The properties with the highest average price have 1 bedroom, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $903,067.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $3,299 / sq.feet, with an average $46,523 / sq.feet price in Morganville. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 3 bedrooms with a price at $3,319 / sq.feet.
With regard to the average price based upon the property in Morganville we can see that most expensive property type is "House" at a price of $898,557, they are 26 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 26 % 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 $3,299 / sq.feet. "House" with an average cost of $3,299 / sq.feet has the lowest price and would be directed at less affluent cities.