The prices in real estate in Tinton Falls, 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 Tinton Falls has increased strongly during the last 6 months. In April, the average price per sq.feet was $354. In the following month the price per sq.feet decreased considerably to $226. The price for the following two months in (June, July) had a considerable increment of 16205 %. The price per sq.feet has decreased 92 % 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 $23,642.75 to $21,809 during August, and September.
Based upon to the price in Tinton Falls (cities), this has gone downing the last 6 months. The average price for April is $542,879. During May the price had a slight fall till $493,307. During the following two months (June, July) the average price fell 86 % with regard to the previous two months. 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 $481,442.75 and $469,122 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $487,972 they are 42 % more affordable than the average price for Tinton Falls. The properties with the highest average price have 1 bedroom, Their price is 50 % more costly than the average. After that we have properties with 4 bedrooms priced at $709,272.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $183 / sq.feet, with an average $6,817 / sq.feet price in Tinton Falls. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 4 bedrooms with a price at $209 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $487,972 it is 52 % cheaper than the average price in Tinton Falls. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $620,140 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $192 / sq.feet followed by "House" priced at $203 / sq.feet. "Apartment" is the cheapest type of property with a $296 / sq.feet value followed by "Condo" with an average price of $218 / sq.feet.