The prices in real estate in Old Bridge, 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 Old Bridge has increased strongly during the last 6 months. In March, the average price per sq.feet was $2,380. In the following month the price per sq.feet decreased to $2,096. The price for the following two months in (May, June) had a considerable increment of 1960 %. The price per sq.feet has had a considerable increase of 279 % 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 $23,050.5 to $64,277 during July, and August.
Based upon to the price in Old Bridge (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $419,570. During April the price went through a considerable rise reaching $490,761. In the following two months the average price has remained the same with regard to the previous two months from $455,165.5 to $440,558. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $447,861.75 to $415,531.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $418,239 they are 2 % more expensive than the average price for Old Bridge. Following this ranking we find those properties with 1 at an average price of $428,188. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 1 bedroom priced at $428,188.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $211 / sq.feet, with an average $66,088 / sq.feet price in Old Bridge. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 3 bedrooms with a price at $609 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $418,239 it is 34 % cheaper than the average price in Old Bridge. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of $386,967 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $210 / sq.feet followed by "Land" priced at $901 / sq.feet. "Villa" is the cheapest type of property with a $3,997 / sq.feet value followed by "Condo" with an average price of $1,900 / sq.feet.