The prices in real estate in Plainsboro, 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 Plainsboro has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $326. In the following month the price per sq.feet decreased considerably to $234. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $262.5 to $241.5 during February, and March.
Based upon to the price in Plainsboro (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $376,795. During November the price went through a considerable rise reaching $607,581. In the following two months the average price has remained the same with regard to the previous two months from $492,188 to $490,012.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $569,166 they are 17 % more expensive than the average price for Plainsboro. Following this ranking we find those properties with 3 at an average price of $668,210. The properties with the highest average price have 1 bedroom, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $668,210.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $240 / sq.feet price in Plainsboro. The properties with the lowest average prices have 1 bedroom. They are 39 % cheaper than the average followed by properties with 3 bedrooms with a price at $141 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $569,166 it is 45 % cheaper than the average price in Plainsboro. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $313,900 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $136 / sq.feet followed by "Farm" priced at $181 / sq.feet. "Townhouse" is the cheapest type of property with a $188 / sq.feet value followed by "Farm" with an average price of $181 / sq.feet.