The prices in real estate in Neptune, 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 Neptune has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,336. In the following month the price per sq.feet decreased considerably to $199. The price for the following two months in (September, October) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 39 % 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 $494.75 to $193 during November, and December.
Based upon to the price in Neptune (cities), this has fallen considerably in the last 6 months. The average price for July is $397,480. During August the price had a considerable reduction till $290,373. During the following two months (September, October) the average price fell 93 % with regard to the previous two months. 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 $332,653.75 to $299,895.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $279,029 they are 27 % more expensive than the average price for Neptune. Following this ranking we find those properties with 3 at an average price of $356,301. The properties with the highest average price have 1 bedroom, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $356,301.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $236 / sq.feet, with an average $179 / sq.feet price in Neptune. The properties with the highest average prices have 3 bedrooms. They are 42 % more expensive than the average followed by properties with 4 bedrooms with a price at $250 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most costly one. At an cost of $279,029 it is 20 % more expensive than the average price in Neptune. "Office" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "House". At a price of $354,521 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial Property" at an average cost of $214 / sq.feet followed by "Office" priced at $223 / sq.feet. "House" is the most costly type of property with a $250 / sq.feet cost followed by "Townhouse" with an average price of $226 / sq.feet.