The prices in real estate in Nutley, 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 Nutley has increased strongly during the last 6 months. In April, the average price per sq.feet was $251. In the following month the price per sq.feet increased to $264. The price for the following two months in (June, July) had a considerable increment of 2280 %. The price per sq.feet has had a considerable increase of 147 % 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 $3,063.75 to $4,515 during August, and September.
Based upon to the price in Nutley (cities), this has fallen considerably in the last 6 months. The price in April is $488,998, rising in May till $529,474. In the following two months the average price has remained the same with regard to the previous two months from $509,236 to $495,210.5. During the last two months the average price has had a strong fall compared to the previous four going from $502,223.25 to $274,038, which means a 55 % fall.