The prices in real estate in Parlin, 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 Parlin has increased strongly during the last 6 months. In February, the average price per sq.feet was $129. In the following month the price per sq.feet increased to $136. In the following two months the price per sq.feet has barely changed, going from $132.5 to $136 per sq.feet. The price per sq.feet has had a considerable increase of 135654 % 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 $134.25 to $182,116 during June, and July.
Based upon to the price in Parlin (cities), these have remained the same in the last 6 months. The average price for February is $350,251. During March the price had a slight fall till $324,588. During the following two months (April, May) the average price had a considerable increase of 125 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $378,765.75 to $274,352.5, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $269,775 they are 47 % more expensive than the average price for Parlin. Following this ranking we find those properties with 1 at an average price of $399,596. The properties with the highest average price have 1 bedroom, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $395,613.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $6,720 / sq.feet, with an average $185,969 / sq.feet price in Parlin. The properties with the lowest average prices have 1 bedroom. They are 96 % cheaper than the average followed by properties with 3 bedrooms with a price at $6,720 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $269,775 it is 47 % more expensive than the average price in Parlin. "Condo" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Apartment". At a price of $395,613 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $1,459 / sq.feet followed by "Apartment" priced at $6,720 / sq.feet. "Apartment" is the cheapest type of property with a $6,720 / sq.feet value followed by "Condo" with an average price of $1,459 / sq.feet.