The prices in real estate in Rumson, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Rumson has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $73,691. In the following month the price per sq.feet decreased considerably to $29,746. The price for the following two months in (January, February) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 2 % 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 $26,585.75 to $477.5 during March, and April.
Based upon to the price in Rumson (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $2,162,980. In December This price remains at $2,103,194. In the following two months the average price has remained the same with regard to the previous two months from $2,133,087 to $2,084,687.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $2,108,887.25 to $1,975,701 in March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 61 % cheaper than the average price of $758,712 in Rumson. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 61 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 34 % cheaper than the average price of ($321 / 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 34 % 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 $1,934,227 it is 61 % 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 $758,712 it is 50 % 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 $321 / sq.feet followed by "Townhouse" priced at $322 / sq.feet. "Townhouse" is the cheapest type of property with a $322 / sq.feet value followed by "House" with an average price of $321 / sq.feet.