The prices in real estate in Tinton Falls, 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 Tinton Falls has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $72,050. In the following month the price per sq.feet decreased considerably to $225. The price for the following two months in (February, March) 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 $18,181.75 to $240 during April, and May.
Based upon to the price in Tinton Falls (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $431,109. In January This price remains at $440,001. In the following two months the average price has remained the same with regard to the previous two months from $435,555 to $432,156.5. 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 $433,855.75 and $443,568 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $443,671 they are 45 % more affordable than the average price for Tinton Falls. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $489,211.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $233 / sq.feet, with an average $245 / sq.feet price in Tinton Falls. The properties with the highest average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at $259 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $443,671 it is 31 % 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 $590,806 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $244 / sq.feet followed by "Townhouse" priced at $247 / sq.feet. "Apartment" is the most costly type of property with a $288 / sq.feet cost followed by "House" with an average price of $258 / sq.feet.