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 October, the average price per sq.feet was $937. In November this price pretty much remained the same at a value of $919 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $928 to $913 per sq.feet. The price per sq.feet has had a considerable increase of 1513 % 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 $920.5 to $13,925.5 during February, and March.
Based upon to the price in Spring Lake (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $2,940,951. In November This price remains at $2,876,487. During the following two months (December, January) the price has had an average incrementation from $2,908,719 to $3,122,352.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $3,298,773 they are 83 % more affordable than the average price for Spring Lake. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,086,412.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $439 / sq.feet, with an average $26,842 / sq.feet price in Spring Lake. The properties with the highest average prices have 1 bedroom. They are 298 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,003 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $3,298,773 it is 83 % cheaper than the average price in Spring Lake. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $3,137,170 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $658 / sq.feet followed by "Townhouse" priced at $770 / sq.feet. "House" is the cheapest type of property with a $974 / sq.feet value followed by "Townhouse" with an average price of $770 / sq.feet.
