The prices in real estate in Ocean View, 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 Ocean View has increased strongly during the last 6 months. In February, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $184. The price for the following two months in (April, May) had a considerable increment of 217 %. The price per sq.feet has had a considerable increase of 122 % 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 $145.75 to $177.5 during June, and July.
Based upon to the price in Ocean View (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is . During March the price went through a considerable rise reaching $329,409. During the following two months (April, May) the average price had a considerable increase of 239 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $346,035 they are 72 % more affordable than the average price for Ocean View. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $336,502.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $143 / sq.feet, with an average $171 / sq.feet price in Ocean View. The properties with the highest average prices have 3 bedrooms. They are 15 % more expensive than the average followed by properties with 4 bedrooms with a price at $184 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $346,035 it is 35 % cheaper than the average price in Ocean View. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $226,458 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $172 / sq.feet followed by "Condo" priced at $221 / sq.feet. "Condo" is the most costly type of property with a $221 / sq.feet cost followed by "House" with an average price of $172 / sq.feet.