The prices in real estate in Oaklyn, 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 Oaklyn has increased strongly during the last 6 months. In February, the average price per sq.feet was $121. In the following month the price per sq.feet decreased considerably to $99. In the following two months the price per sq.feet has increased 110 %, going from $110 to $120.5 per sq.feet. The price per sq.feet has had a considerable increase of 10172 % 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 $115.25 to $11,723.5 during June, and July.
Based upon to the price in Oaklyn (cities), this has gone downing the last 6 months. The price in February is $214,100, rising in March till $227,267. During the following two months (April, May) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $215,066.75 to $157,126.5, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $166,173 they are 5 % more affordable than the average price for Oaklyn. The properties with the lowest average price have 1 bedroom, Their price is 4 % cheaper than the average. After that we have properties with 2 bedrooms priced at $158,295.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $61 / sq.feet, with an average $9,969 / sq.feet price in Oaklyn. The properties with the lowest average prices have 1 bedroom. They are 0 % cheaper than the average followed by properties with 2 bedrooms with a price at $9,879 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $166,173 it is 26 % cheaper than the average price in Oaklyn. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $157,819 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $61 / sq.feet followed by "Office" priced at $9,769 / sq.feet. "House" is the cheapest type of property with a $9,869 / sq.feet value followed by "Townhouse" with an average price of $9,849 / sq.feet.