The prices in real estate in Somers Point, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Somers Point has remained the same in the last 6 months. In December, the average price per sq.feet was $211. In January this price pretty much remained the same at a value of $204 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $207.5 to $215.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $211.5 to $220.5 during April y May
Based upon to the price in Somers Point (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is $373,667. In January This price remains at $357,770. During the following two months (February, March) 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 $354,620.5 and $345,605.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $353,311 they are 51 % more affordable than the average price for Somers Point. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $343,765.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $189 / sq.feet, with an average $217 / sq.feet price in Somers Point. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $220 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $353,311 it is 35 % cheaper than the average price in Somers Point. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "Apartment". At a price of $228,178 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $100 / sq.feet followed by "Detached House" priced at $106 / sq.feet. "Detached House" is the cheapest type of property with a $106 / sq.feet value followed by "Apartment" with an average price of $100 / sq.feet.