The prices in real estate in Nutley, 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 Nutley has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $70,951. In the following month the price per sq.feet decreased to $60,711. The price for the following two months in (August, September) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $33,022.25 to $231.5 during October, and November.
Based upon to the price in Nutley (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $410,963. In July This price remains at $398,197. In the following two months the average price has remained the same with regard to the previous two months from $404,580 to $421,691. During the last two months the average price has had a strong fall compared to the previous four going from $413,135.5 to $348,617.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $328,672 they are 74 % more expensive than the average price for Nutley. Following this ranking we find those properties with 1 at an average price of $573,276. The properties with the highest average price have 1 bedroom, Their price is 74 % more costly than the average. After that we have properties with 2 bedrooms priced at $570,619.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $172 / sq.feet, with an average $207 / sq.feet price in Nutley. The properties with the highest average prices have 2 bedrooms. They are 1443 % more expensive than the average followed by properties with 1 bedroom with a price at $172 / sq.feet.
With regard to the average price based upon the property in Nutley we can see that most expensive property type is "House" at a price of $570,619, they are 74 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 74 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $3,195 / sq.feet. "House" at an average price of $3,195 / sq.feet has the most expensive price and would be directed at more affluent cities.