Property prices for sale in Rio Grande (New Jersey)
The prices in real estate in Rio Grande, 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 Rio Grande has increased strongly during the last 6 months. In October, the average price per sq.feet was $394. In the following month the price per sq.feet decreased to $362. In the following two months the price per sq.feet has increased 111 %, going from $378 to $418.5 per sq.feet. The price per sq.feet has had a considerable increase of 165 % 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 $398.25 to $656 during February, and March.
Based upon to the price in Rio Grande (cities), this has gone up considerably in the last 6 months. The price in October is $695,347, rising in November till $735,215. During the following two months (December, January) the average price had a considerable increase of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 167 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,352,931 they are 72 % more affordable than the average price for Rio Grande. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,670,137.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $496 / sq.feet, with an average $631 / sq.feet price in Rio Grande. The properties with the highest average prices have 3 bedrooms. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $596 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,352,931 it is 74 % cheaper than the average price in Rio Grande. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Land". At a price of $1,506,333 it is 25 % 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 $289 / sq.feet followed by "House" priced at $357 / sq.feet. "Land" is the most costly type of property with a $171,571 / sq.feet cost followed by "Condo" with an average price of $763 / sq.feet.
