The prices in real estate in Point Pleasant Beach, 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 Point Pleasant Beach has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,169. In the following month the price per sq.feet decreased considerably to $445. The price for the following two months in (January, February) had a considerable decrease of 20 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 30 % 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 $1,379.5 to $417.5 during March, and April.
Based upon to the price in Point Pleasant Beach (cities), this has gone up in the last 6 months. The price in November is $720,032, rising in December till $814,169. During the following two months (January, February) the price has had an average incrementation from $767,100.5 to $849,531.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $808,316 to $746,543.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $714,702 they are 54 % more affordable than the average price for Point Pleasant Beach. The properties with the lowest average price have 3 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 4 bedrooms priced at $689,945.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $360 / sq.feet, with an average $420 / sq.feet price in Point Pleasant Beach. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $415 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $714,702 it is 11 % cheaper than the average price in Point Pleasant Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $710,298 it is 79 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $333 / sq.feet followed by "House" priced at $366 / sq.feet. "Land" is the most costly type of property with a $1,770 / sq.feet cost followed by "Condo" with an average price of $487 / sq.feet.