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 December, the average price per sq.feet was $2,052. In the following month the price per sq.feet increased considerably to $3,908. The price for the following two months in (February, March) had a considerable increment of 128 %. The price per sq.feet has had a considerable deflation of 52 % 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 $3,402.75 to $1,767 during April, and May.
Based upon to the price in Mount Laurel (cities), this has gone up in the last 6 months. The average price for December is $332,343. During January the price had a slight fall till $310,364. During the following two months (February, March) the average price had a considerable increase of 128 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $366,170.25 to $310,542, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $280,704 they are 10 % more affordable than the average price for Mount Laurel. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 1 bedroom priced at $251,688.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $2,601 / sq.feet, with an average $1,754 / sq.feet price in Mount Laurel. The properties with the highest average prices have 4 bedrooms. They are 122 % more expensive than the average followed by properties with 1 bedroom with a price at $2,601 / 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 $309,122, they are 10 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 10 % 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 $3,892 / sq.feet. "House" at an average price of $3,892 / sq.feet has the most expensive price and would be directed at more affluent cities.