The prices in real estate in Skillman, 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 Skillman has increased strongly during the last 6 months. In May, the average price per sq.feet was $250. In the following month the price per sq.feet increased considerably to $92,949. The price for the following two months in (July, August) had a considerable increment of 168 %. The price per sq.feet has had a considerable deflation of 37 % 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 $62,424 to $23,151.5 during September, and October.
Based upon to the price in Skillman (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $816,590. In June This price remains at $807,341. In the following two months the average price has remained the same with regard to the previous two months from $811,965.5 to $796,785. 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 $804,375.25 and $799,088 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $778,986 they are 26 % more affordable than the average price for Skillman. The properties with the lowest average price have 2 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 1 bedroom priced at $574,564.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $207 / sq.feet, with an average $3,141 / sq.feet price in Skillman. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 2 bedrooms with a price at $207 / sq.feet.
With regard to the average price based upon the property in Skillman we can see that the cheapest property type is "House" at a price of $580,843, they are 25 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 25 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $207 / sq.feet. "House" with an average cost of $207 / sq.feet has the lowest price and would be directed at less affluent cities.