The prices in real estate in Sewell, 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 Sewell has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $23,976. In the following month the price per sq.feet decreased considerably to $4,274. The price for the following two months in (November, December) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $11,452 to $149.5 during January, and February.
Based upon to the price in Sewell (cities), this has gone downing the last 6 months. The average price for September is $334,015. During October the price had a slight fall till $288,936. In the following two months the average price has remained the same with regard to the previous two months from $311,475.5 to $301,746. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $306,610.75 to $278,971.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $278,947 they are 54 % more affordable than the average price for Sewell. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $277,679.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $143 / sq.feet, with an average $148 / sq.feet price in Sewell. The properties with the highest average prices have 3 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $146 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $278,947 it is 41 % cheaper than the average price in Sewell. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $285,804 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Farm" at an average cost of $761 / sq.feet followed by "Townhouse" priced at $6,360 / sq.feet. "Land" is the most costly type of property with a $121,899 / sq.feet cost followed by "House" with an average price of $8,539 / sq.feet.