The prices in real estate in Rumson, 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 Rumson has increased strongly during the last 6 months. In February, the average price per sq.feet was $438. In March this price pretty much remained the same at a value of $444 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $441 to $456 per sq.feet. The price per sq.feet has had a considerable increase of 103720 % 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 $448.5 to $465,182.5 during June, and July.
Based upon to the price in Rumson (cities), these have remained the same in the last 6 months. The average price for February is $2,283,118. During March the price had a considerable reduction till $1,908,800. During the following two months (April, May) the price has had an average incrementation from $2,095,959 to $2,206,006. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 70 % cheaper than the average price of $765,579 in Rumson. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 70 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of ($330 / sq.feet) in Rumson. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 100 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $2,554,125 it is 70 % cheaper than the average price in Rumson. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $765,579 it is 62 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $330 / sq.feet followed by "Townhouse" priced at $331 / sq.feet. "Townhouse" is the cheapest type of property with a $331 / sq.feet value followed by "House" with an average price of $330 / sq.feet.