The prices in real estate in Somers Point, 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 Somers Point has increased strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to . The price for the following two months in (May, June) had a considerable increment of 2147483647 %. The price per sq.feet has had a considerable increase of 227 % 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 $81 to $183.5 during July, and August.
Based upon to the price in Somers Point (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching . During the following two months (May, June) the average price had a considerable increase of 2147483647 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 180 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $393,675 they are 42 % more affordable than the average price for Somers Point. The properties with the lowest average price have 1 bedroom, Their price is 41 % cheaper than the average. After that we have properties with 2 bedrooms priced at $230,247.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $109 / sq.feet, with an average $197 / sq.feet price in Somers Point. The properties with the lowest average prices have 1 bedroom. They are 44 % cheaper than the average followed by properties with 2 bedrooms with a price at $109 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $393,675 it is 42 % 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 $230,247 it is 14 % 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 $109 / sq.feet followed by "Detached House" priced at $115 / sq.feet. "Detached House" is the cheapest type of property with a $115 / sq.feet value followed by "Apartment" with an average price of $109 / sq.feet.