The prices in real estate in Oceanport, 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 Oceanport has increased strongly during the last 6 months. In May, the average price per sq.feet was $281. In the following month the price per sq.feet increased considerably to $360,463. The price for the following two months in (July, August) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $132,052.75 to $316.5 during September, and October.
Based upon to the price in Oceanport (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $834,417. During June the price went through a considerable rise reaching $987,709. During the following two months (July, August) the average price had a considerable increase of 123 % 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 gone up 106 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 40 % cheaper than the average price of $606,556 in Oceanport. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 40 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 29 % cheaper than the average price of ($222 / sq.feet) in Oceanport. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 29 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Oceanport we can see that the cheapest property type is "House" at a price of $606,556, they are 40 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 40 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $222 / sq.feet. "House" with an average cost of $222 / sq.feet has the lowest price and would be directed at less affluent cities.