The prices in real estate in South Bound Brook, in the New Jersey region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in South Bound Brook has fallen in the last 6 months. In November, the average price per sq.feet was $264. In the following month the price per sq.feet increased to $282. The price for the following two months in (January, February) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 87 % 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 $248.25 to $217 during March, and April.
Based upon to the price in South Bound Brook (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $435,975. In December This price remains at $417,322. During the following two months (January, February) the average price had a considerable increase of 125 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $480,554.25 to $436,500 in March and April.