Property prices for sale in Short Hills (New Jersey)
The prices in real estate in Short Hills, 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 Short Hills has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $721. In the following month the price per sq.feet decreased to $649. The price for the following two months in (January, February) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $625.25 to $512.5 during March, and April.
Based upon to the price in Short Hills (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $2,896,900. During December the price went through a considerable rise reaching $3,422,636. During the following two months (January, February) the price has had an average incrementation from $3,159,768 to $3,399,946. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $3,279,857 to $2,965,708.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $2,670,750 they are 44 % more affordable than the average price for Short Hills. The properties with the lowest average price have 1 bedroom, Their price is 28 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,913,818.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $28,774 / sq.feet, with an average $517 / sq.feet price in Short Hills. The properties with the highest average prices have 1 bedroom. They are 6574 % more expensive than the average followed by properties with 2 bedrooms with a price at $34,329 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $2,670,750 it is 44 % cheaper than the average price in Short Hills. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Apartment". At a price of $1,874,018 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $28,774 / sq.feet followed by "Apartment" priced at $33,605 / sq.feet. "Duplex" is the most costly type of property with a $38,532 / sq.feet cost followed by "Apartment" with an average price of $33,605 / sq.feet.
