The prices in real estate in Mount Laurel, 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 Laurel has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $424. In the following month the price per sq.feet decreased considerably to $149. The price for the following two months in (October, November) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $222 to $158 during December, and January.
Based upon to the price in Mount Laurel (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $308,603. In September This price remains at $312,494. During the following two months (October, November) the price has had an average incrementation from $310,548.5 to $326,812.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $318,680.5 to $301,595.5 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $297,617 they are 3 % more expensive than the average price for Mount Laurel. Following this ranking we find those properties with 1 at an average price of $308,194. The properties with the highest average price have 1 bedroom, Their price is 4 % more costly than the average. After that we have properties with 4 bedrooms priced at $306,654.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $3,860 / sq.feet, with an average $157 / sq.feet price in Mount Laurel. The properties with the highest average prices have 1 bedroom. They are 2371 % more expensive than the average followed by properties with 4 bedrooms with a price at $3,860 / sq.feet.
With regard to the average price based upon the property in Mount Laurel we can see that most expensive property type is "House" at a price of $306,654, they are 3 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 3 % 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 $3,860 / sq.feet. "House" at an average price of $3,860 / sq.feet has the most expensive price and would be directed at more affluent cities.