The prices in real estate in Sewell, 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 Sewell has increased strongly during the last 6 months. In March, the average price per sq.feet was $128. In April this price pretty much remained the same at a value of $134 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 12582 %. The price per sq.feet has had a considerable increase of 504 % 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 $8,306.5 to $41,851 during July, and August.
Based upon to the price in Sewell (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $276,131. During April the price went through a considerable rise reaching $319,481. In the following two months the average price has remained the same with regard to the previous two months from $297,806 to $286,796. 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 $292,301 and $294,904.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $292,181 they are 55 % more affordable than the average price for Sewell. The properties with the lowest average price have 1 bedroom, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $255,524.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $119 / sq.feet, with an average $35,393 / sq.feet price in Sewell. The properties with the lowest average prices have 4 bedrooms. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $806 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $292,181 it is 54 % cheaper than the average price in Sewell. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $214,000 it is 10 % 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 $123 / sq.feet followed by "Land" priced at $767 / sq.feet. "Condo" is the cheapest type of property with a $1,094 / sq.feet value followed by "Land" with an average price of $767 / sq.feet.