The prices in real estate in Mount Royal, 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 Royal has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $68,070. In the following month the price per sq.feet decreased considerably to $6,117. The price for the following two months in (December, January) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $20,214.5 to $160 during February, and March.
Based upon to the price in Mount Royal (cities), this has gone downing the last 6 months. The average price for October is $268,120. During November the price had a slight fall till $249,533. In the following two months the average price has remained the same with regard to the previous two months from $258,826.5 to $248,800. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $253,813.25 to $228,662.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $243,800 they are 50 % more expensive than the average price for Mount Royal. Following this ranking we find those properties with 1 at an average price of $368,288. The properties with the highest average price have 1 bedroom, Their price is 51 % more costly than the average. After that we have properties with 2 bedrooms priced at $365,381.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $159 / sq.feet price in Mount Royal. The properties with the lowest average prices have 1 bedroom. They are 12 % cheaper than the average followed by properties with 2 bedrooms with a price at $138 / 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 $365,381, they are 50 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 50 % 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 $138 / sq.feet. "House" with an average cost of $138 / sq.feet has the lowest price and would be directed at less affluent cities.