The prices in real estate in South Plainfield, 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 South Plainfield has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $65,845. In the following month the price per sq.feet decreased considerably to $229. The price for the following two months in (November, December) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $16,642.75 to $243.5 during January, and February.
Based upon to the price in South Plainfield (cities), this has gone up in the last 6 months. The average price during our first sample month during September, is $415,114. During October the price went through a considerable rise reaching $486,820. In the following two months the average price has remained the same with regard to the previous two months from $450,967 to $468,441. 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 $459,704 and $442,834 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $454,618 they are 36 % more affordable than the average price for South Plainfield. The properties with the lowest average price have 3 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 1 bedroom priced at $367,427.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $239 / sq.feet, with an average $246 / sq.feet price in South Plainfield. The properties with the highest average prices have 3 bedrooms. They are 1678 % more expensive than the average followed by properties with 1 bedroom with a price at $245 / sq.feet.
With regard to the average price based upon the property in South Plainfield we can see that the cheapest property type is "House" at a price of $451,310, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $4,375 / sq.feet. "House" at an average price of $4,375 / sq.feet has the most expensive price and would be directed at more affluent cities.