The prices in real estate in Rutherford, 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 Rutherford has increased strongly during the last 6 months. In April, the average price per sq.feet was $315. In May this price pretty much remained the same at a value of $304 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 13382 %. The price per sq.feet has had a considerable deflation of 49 % 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 $20,863.75 to $10,226.5 during August, and September.
Based upon to the price in Rutherford (cities), this has fallen considerably in the last 6 months. The average price for April is $533,871. During May the price had a slight fall till $459,375. During the following two months (June, July) the price has had an average incrementation from $496,623 to $523,935.5. During the last two months the average price has had a strong fall compared to the previous four going from $510,279.25 to $274,666.5, which means a 54 % fall.