The prices in real estate in Ringwood, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Ringwood has remained the same in the last 6 months. In November, the average price per sq.feet was $110,383. In the following month the price per sq.feet decreased considerably to $83,509. The price for the following two months in (January, February) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable increase of 227 % 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 $79,841 to $181,633 during March, and April.
Based upon to the price in Ringwood (cities), these have remained the same in the last 6 months. The average price during our first sample month during November, is $781,338. During December the price went through a considerable rise reaching $1,023,650. During the following two months (January, February) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $793,267 to $696,324 in March and April.