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 February, the average price per sq.feet was $203. In March this price pretty much remained the same at a value of $213 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $208 to $208.5 per sq.feet. The price per sq.feet has had a considerable increase of 24493 % 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 $208.25 to $51,006.5 during June, and July.
Based upon to the price in Pennington (cities), these have remained the same in the last 6 months. The average price for February is $549,805. During March the price had a slight fall till $521,601. In the following two months the average price has remained the same with regard to the previous two months from $535,703 to $530,046. 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 $532,874.5 and $525,164 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $487,934 they are 7 % more affordable than the average price for Pennington. The properties with the lowest average price have 2 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 1 bedroom priced at $455,729.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of ($182 / 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 100 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Pennington we can see that the cheapest property type is "House" at a price of $470,840, they are 4 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 4 % more affordable 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 $182 / sq.feet. "House" with an average cost of $182 / sq.feet has the lowest price and would be directed at less affluent cities.