The prices in real estate in Paramus, 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 Paramus has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $358. In February this price pretty much remained the same at a value of $357 per sq.feet. The price for the following two months in (March, April) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 56 % 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 $295.25 to $166 during May, and June.
Based upon to the price in Paramus (cities), this has gone downing the last 6 months. In our first sample month during January, the average price is $794,208. In February This price remains at $793,413. During the following two months (March, April) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $739,238.5 to $649,715 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $602,450 they are 29 % more expensive than the average price for Paramus. Following this ranking we find those properties with 1 at an average price of $775,456. The properties with the highest average price have 1 bedroom, Their price is 29 % more costly than the average. After that we have properties with 2 bedrooms priced at $774,680.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $28,217 / sq.feet, with an average $119 / sq.feet price in Paramus. The properties with the highest average prices have 1 bedroom. They are 23636 % more expensive than the average followed by properties with 2 bedrooms with a price at $28,217 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $602,450 it is 12 % more expensive than the average price in Paramus. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $675,020 it is 29 % 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 $28,217 / sq.feet followed by "Condo" priced at $29,577 / sq.feet. "Condo" is the most costly type of property with a $29,577 / sq.feet cost followed by "House" with an average price of $28,217 / sq.feet.