The prices in real estate in Mount Royal, 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 Royal has increased strongly during the last 6 months. In February, the average price per sq.feet was $161. In March this price pretty much remained the same at a value of $159 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $160 to $152.5 per sq.feet. The price per sq.feet has had a considerable increase of 1534 % 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 $156.25 to $2,397 during June, and July.
Based upon to the price in Mount Royal (cities), this has gone up considerably in the last 6 months. The price in February is $213,525, rising in March till $243,800. In the following two months the average price has remained the same with regard to the previous two months from $228,662.5 to $229,981.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 132 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $321,773 they are 13 % more expensive than the average price for Mount Royal. Following this ranking we find those properties with 1 at an average price of $366,815. The properties with the highest average price have 1 bedroom, Their price is 14 % more costly than the average. After that we have properties with 2 bedrooms priced at $363,919.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $134 / sq.feet, with an average $4,630 / sq.feet price in Mount Royal. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $134 / sq.feet.
With regard to the average price based upon the property in Mount Royal we can see that most expensive property type is "House" at a price of $363,919, they are 13 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 13 % 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 $134 / sq.feet. "House" with an average cost of $134 / sq.feet has the lowest price and would be directed at less affluent cities.