The prices in real estate in North Brunswick, 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 Brunswick has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $4,420. In the following month the price per sq.feet decreased considerably to $832. The price for the following two months in (March, April) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable increase of 119 % 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 $1,417.5 to $1,684 during May, and June.
Based upon to the price in North Brunswick (cities), this has gone downing the last 6 months. The average price for January is $555,727. During February the price had a slight fall till $522,358. In the following two months the average price has remained the same with regard to the previous two months from $539,042.5 to $521,192. 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 $530,117.25 to $477,192.5 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $502,391 they are 1 % more affordable than the average price for North Brunswick. The properties with the highest average price have 1 bedroom, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $552,951.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $199 / sq.feet, with an average $189 / sq.feet price in North Brunswick. The properties with the highest average prices have 3 bedrooms. They are 2225 % more expensive than the average followed by properties with 1 bedroom with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $502,391 it is 10 % cheaper than the average price in North Brunswick. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $451,792 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $191 / sq.feet followed by "House" priced at $4,395 / sq.feet. "House" is the most costly type of property with a $4,395 / sq.feet cost followed by "Commercial" with an average price of $191 / sq.feet.