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 March, the average price per sq.feet was $230. In the following month the price per sq.feet increased considerably to $573. The price for the following two months in (May, June) had a considerable increment of 152 %. The price per sq.feet has had a considerable increase of 2670 % 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 $506.75 to $13,528.5 during July, and August.
Based upon to the price in Ocean View (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $425,117. During April the price went through a considerable rise reaching $532,956. During the following two months (May, June) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $458,709 and $461,939 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $485,083 they are 33 % more affordable than the average price for Ocean View. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $442,090.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $280 / sq.feet, with an average $26,863 / sq.feet price in Ocean View. The properties with the highest average prices have 3 bedrooms. They are 734 % more expensive than the average followed by properties with 4 bedrooms with a price at $139,880 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $485,083 it is 72 % cheaper than the average price in Ocean View. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $135,135 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $104 / sq.feet followed by "House" priced at $842 / sq.feet. "House" is the cheapest type of property with a $842 / sq.feet value followed by "Condo" with an average price of $104 / sq.feet.