The prices in real estate in North Arlington, 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 North Arlington has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $538. In November this price pretty much remained the same at a value of $538 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $480 to $390.5 during February, and March.
Based upon to the price in North Arlington (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $748,250. In November This price remains at $748,250. During the following two months (December, January) the average price had a considerable reduction of 85 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $690,995.5 and $685,243 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 62 % cheaper than the average price of $260,359 in North Arlington. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 62 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1 % cheaper than the average price of ($271 / sq.feet) in North Arlington. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1 % cheaper than the average value aforementioned.