Property prices for sale in Red Bank (New Jersey)
The prices in real estate in Red Bank, 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 Red Bank has increased strongly during the last 6 months. In October, the average price per sq.feet was $384. In November this price pretty much remained the same at a value of $370 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $377 to $361.5 per sq.feet. The price per sq.feet has had a considerable increase of 175 % 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 $369.25 to $646 during February, and March.
Based upon to the price in Red Bank (cities), this has fallen considerably in the last 6 months. The average price for October is $777,274. During November the price had a considerable reduction till $630,872. During the following two months (December, January) the average price had a considerable reduction of 81 % with regard to the previous two months. 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 $638,531.25 and $653,342.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $725,715 they are 61 % more affordable than the average price for Red Bank. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 2 bedrooms priced at $700,503.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $354 / sq.feet, with an average $924 / sq.feet price in Red Bank. The properties with the highest average prices have 2 bedrooms. They are 61 % more expensive than the average followed by properties with 1 bedroom with a price at $937 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $725,715 it is 33 % cheaper than the average price in Red Bank. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $900,000 it is 166 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $264 / sq.feet followed by "Townhouse" priced at $365 / sq.feet. "Apartment" is the most costly type of property with a $8,215 / sq.feet cost followed by "House" with an average price of $756 / sq.feet.
