The prices in real estate in Mount Laurel, 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 Mount Laurel has increased strongly during the last 6 months. In March, the average price per sq.feet was $153. In April this price pretty much remained the same at a value of $156 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 5871 %. The price per sq.feet has had a considerable increase of 274 % 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 $4,612.25 to $12,643 during July, and August.
Based upon to the price in Mount Laurel (cities), these have remained the same in the last 6 months. The price in March is $297,505, rising in April till $316,552. In the following two months the average price has remained the same with regard to the previous two months from $307,028.5 to $311,781.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $309,405 and $301,074 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $294,360 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 $306,040. 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 $304,510.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $3,832 / sq.feet, with an average $13,299 / sq.feet price in Mount Laurel. The properties with the lowest average prices have 1 bedroom. They are 71 % cheaper than the average followed by properties with 4 bedrooms with a price at $3,832 / 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 $304,510, 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 cost by sq.feet the cheapest property type is "House with an average price of $3,832 / sq.feet. "House" with an average cost of $3,832 / sq.feet has the lowest price and would be directed at less affluent cities.