The prices in real estate in Neptune, 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 Neptune has increased strongly during the last 6 months. In March, the average price per sq.feet was $212. In April this price pretty much remained the same at a value of $208 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 10452 %. The price per sq.feet has had a considerable increase of 138 % 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 $11,080 to $15,343 during July, and August.
Based upon to the price in Neptune (cities), this has fallen considerably in the last 6 months. The average price for March is $535,840. During April the price had a considerable reduction till $447,875. During the following two months (May, June) the average price had a considerable reduction of 76 % 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 94 %, going from $432,905 to $406,965 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $445,470 they are 21 % more affordable than the average price for Neptune. The properties with the lowest average price have 1 bedroom, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at $355,232.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $242 / sq.feet, with an average $14,823 / sq.feet price in Neptune. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 3 bedrooms with a price at $252 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $445,470 it is 26 % cheaper than the average price in Neptune. "Office" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $351,690 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $206 / sq.feet followed by "Office" priced at $215 / sq.feet. "House" is the cheapest type of property with a $242 / sq.feet value followed by "Townhouse" with an average price of $218 / sq.feet.