The prices in real estate in Pennington, 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 Pennington has increased strongly during the last 6 months. In July, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $189. The price for the following two months in (September, October) had a considerable increment of 204 %. The price per sq.feet has had a considerable increase of 136 % 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 $143.5 to $195.5 during November, and December.
Based upon to the price in Pennington (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is . During August the price went through a considerable rise reaching $440,540. During the following two months (September, October) the average price had a considerable increase of 194 % 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 risen strongly 149 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $461,476 they are 1 % more affordable than the average price for Pennington. The properties with the highest average price have 2 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 1 bedroom priced at $458,936.
With regard to the average prices per sq.feet those properties with 1 bedroom are 3 % cheaper than the average price of ($189 / sq.feet) in Pennington. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 3 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Pennington we can see that most expensive property type is "House" at a price of $474,153, they are 3 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 3 % more expensive 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 $189 / sq.feet. "House" with an average cost of $189 / sq.feet has the lowest price and would be directed at less affluent cities.