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 March, the average price per sq.feet was $466. In April this price pretty much remained the same at a value of $489 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 16538 %. The price per sq.feet has had a considerable increase of 182 % 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 $39,723.25 to $72,473.5 during July, and August.
Based upon to the price in Rumson (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $2,017,175. In April This price remains at $1,934,227. During the following two months (May, June) the average price had a considerable increase of 119 % 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 $2,164,314.25 and $2,137,382.5 between July and August.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 64 % cheaper than the average price of $755,680 in Rumson. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 64 % 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 ($317 / 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 $2,094,910 it is 64 % 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 $755,680 it is 54 % 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 $317 / sq.feet followed by "Townhouse" priced at $318 / sq.feet. "Townhouse" is the cheapest type of property with a $318 / sq.feet value followed by "House" with an average price of $317 / sq.feet.