The prices in real estate in Old Bridge, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Old Bridge has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $66,088. In the following month the price per sq.feet decreased considerably to $30,590. The price for the following two months in (October, November) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 27 % 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 $26,177 to $6,939 during December, and January.
Based upon to the price in Old Bridge (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $418,239. In September This price remains at $423,277. In the following two months the average price has remained the same with regard to the previous two months from $420,758 to $421,007. 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 $420,882.5 and $418,972.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $425,018 they are 0 % 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 21 % 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 2 bedrooms are the cheapest ones at a cost of $609 / sq.feet, with an average $3,470 / sq.feet price in Old Bridge. The properties with the lowest average prices have 4 bedrooms. They are 28 % cheaper than the average followed by properties with 1 bedroom with a price at $614 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $425,018 it is 24 % cheaper than the average price in Old Bridge. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $410,539 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $896 / sq.feet followed by "Villa" priced at $3,977 / sq.feet. "Condo" is the most costly type of property with a $160,594 / sq.feet cost followed by "Townhouse" with an average price of $25,287 / sq.feet.