The prices in real estate in Somerdale, 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 Somerdale has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,777. In the following month the price per sq.feet decreased to $2,582. The price for the following two months in (January, February) had a considerable decrease of 5 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $1,407.25 to $134 during March, and April.
Based upon to the price in Somerdale (cities), this has gone downing the last 6 months. The average price for November is $223,510. During December the price had a slight fall till $207,116. During the following two months (January, February) the average price fell 94 % 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 $209,242.5 and $216,847.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $218,206 they are 2 % more expensive than the average price for Somerdale. Following this ranking we find those properties with 2 at an average price of $223,658. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 1 bedroom priced at $224,782.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $99 / sq.feet, with an average $138 / sq.feet price in Somerdale. The properties with the lowest average prices have 4 bedrooms. They are 20 % cheaper than the average followed by properties with 1 bedroom with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $218,206 it is 75 % cheaper than the average price in Somerdale. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $207,862 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $94 / sq.feet followed by "House" priced at $125 / sq.feet. "Townhouse" is the most costly type of property with a $30,582 / sq.feet cost followed by "House" with an average price of $125 / sq.feet.