Property prices for sale in Scotch Plains (New Jersey)
The prices in real estate in Scotch Plains, 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 Scotch Plains has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $135,577. In the following month the price per sq.feet decreased considerably to $53,052. The price for the following two months in (December, January) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable increase of 170 % 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 $73,728.5 to $125,533.5 during February, and March.
Based upon to the price in Scotch Plains (cities), this has gone downing the last 6 months. The average price for October is $1,207,309. During November the price had a slight fall till $1,049,882. During the following two months (December, January) the average price fell 93 % 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 $1,091,396.25 and $1,094,737.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $1,074,643 they are 45 % more affordable than the average price for Scotch Plains. The properties with the lowest average price have 1 bedroom, Their price is 26 % cheaper than the average. After that we have properties with 2 bedrooms priced at $602,405.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $2,125 / sq.feet, with an average $91,581 / sq.feet price in Scotch Plains. The properties with the lowest average prices have 2 bedrooms. They are 89 % cheaper than the average followed by properties with 3 bedrooms with a price at $10,283 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,074,643 it is 54 % cheaper than the average price in Scotch Plains. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $501,599 it is 45 % 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 $10,173 / sq.feet followed by "Land" priced at $18,748 / sq.feet. "Office" is the cheapest type of property with a $18,881 / sq.feet value followed by "Land" with an average price of $18,748 / sq.feet.
