Property prices for sale in Mount Arlington (New Jersey)
The prices in real estate in Mount Arlington, 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 Mount Arlington has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $171,456. In the following month the price per sq.feet decreased considerably to $345. The price for the following two months in (December, January) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 216 % 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 $43,120.75 to $92,927.5 during February, and March.
Based upon to the price in Mount Arlington (cities), these have remained the same in the last 6 months. The average price for October is $824,483. During November the price had a considerable reduction till $568,823. In the following two months the average price has remained the same with regard to the previous two months from $696,653 to $712,737.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $979,483 they are 62 % more affordable than the average price for Mount Arlington. The properties with the lowest average price have 1 bedroom, Their price is 60 % cheaper than the average. After that we have properties with 2 bedrooms priced at $388,263.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $1,347 / sq.feet, with an average $111,425 / sq.feet price in Mount Arlington. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $1,439 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $979,483 it is 62 % cheaper than the average price in Mount Arlington. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $370,775 it is 59 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $147 / sq.feet followed by "Apartment" priced at $1,347 / sq.feet. "Apartment" is the cheapest type of property with a $1,347 / sq.feet value followed by "Condo" with an average price of $147 / sq.feet.
