The prices in real estate in Totowa, 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 Totowa has increased strongly during the last 6 months. In November, the average price per sq.feet was $439. In December this price pretty much remained the same at a value of $444 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 15141 %. The price per sq.feet has had a considerable increase of 238 % 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 $33,645.25 to $80,093 during March, and April.
Based upon to the price in Totowa (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $549,587. During December the price went through a considerable rise reaching $1,079,650. During the following two months (January, February) the average price had a considerable increase of 161 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,061,551 to $889,990, which means a 84 % fall.