The prices in real estate in Perth Amboy, 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 Perth Amboy has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $50,442. In the following month the price per sq.feet decreased considerably to $1,349. The price for the following two months in (April, May) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $13,468.5 to $1,107.5 during June, and July.
Based upon to the price in Perth Amboy (cities), this has fallen considerably in the last 6 months. The average price for February is $1,412,357. During March the price had a considerable reduction till $956,721. During the following two months (April, May) the average price had a considerable reduction of 61 % 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 $952,703.25 to $411,621, which means a 43 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $280,884 they are 145 % more expensive than the average price for Perth Amboy. Following this ranking we find those properties with 1 at an average price of $692,532. The properties with the highest average price have 3 bedrooms, Their price is 161 % more costly than the average. After that we have properties with 1 bedroom priced at $692,532.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $1,339 / sq.feet, with an average $1,409 / sq.feet price in Perth Amboy. The properties with the highest average prices have 1 bedroom. They are 220 % more expensive than the average followed by properties with 4 bedrooms with a price at $4,488 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $280,884 it is 145 % more expensive than the average price in Perth Amboy. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $689,074 it is 494 % 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 $4,488 / sq.feet followed by "Apartment" priced at $49,232 / sq.feet. "Apartment" is the most costly type of property with a $49,232 / sq.feet cost followed by "House" with an average price of $4,488 / sq.feet.