The prices in real estate in Pompton Plains, 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 Pompton Plains has increased strongly during the last 6 months. In November, the average price per sq.feet was $450. In the following month the price per sq.feet increased considerably to $40,688. The price for the following two months in (January, February) had a considerable increment of 516 %. The price per sq.feet has had a considerable deflation of 0 % 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 $63,304 to $161.5 during March, and April.
Based upon to the price in Pompton Plains (cities), this has gone downing the last 6 months. The average price during our first sample month during November, is $749,211. During December the price went through a considerable rise reaching $874,867. During the following two months (January, February) the price has had an average incrementation from $812,039 to $864,291.5. During the last two months the average price has had a strong fall compared to the previous four going from $838,165.25 to $359,166.5, which means a 43 % fall.