Property prices for sale in Spring Lake (New Jersey)
The prices in real estate in Spring Lake, 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 Spring Lake has increased strongly during the last 6 months. In November, the average price per sq.feet was $919. In the following month the price per sq.feet increased to $979. In the following two months the price per sq.feet has barely changed, going from $949 to $928 per sq.feet. The price per sq.feet has had a considerable increase of 1479 % 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 $938.5 to $13,883.5 during March, and April.
Based upon to the price in Spring Lake (cities), this has gone up considerably in the last 6 months. The price in November is $2,876,487, rising in December till $3,163,498. During the following two months (January, February) the price has had an average incrementation from $3,019,992.5 to $3,445,903.5. 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 $3,232,948 and $3,331,027 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,363,281 they are 84 % more affordable than the average price for Spring Lake. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,130,118.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $463 / sq.feet, with an average $925 / sq.feet price in Spring Lake. The properties with the highest average prices have 4 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $858 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $3,363,281 it is 83 % cheaper than the average price in Spring Lake. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $3,134,032 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $657 / sq.feet followed by "Townhouse" priced at $769 / sq.feet. "House" is the most costly type of property with a $987 / sq.feet cost followed by "Townhouse" with an average price of $769 / sq.feet.
