Property prices for sale in Vernon (New Jersey)
The prices in real estate in Vernon, 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 Vernon has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $19,909. In the following month the price per sq.feet decreased considerably to $13,682. The price for the following two months in (December, January) had a considerable decrease of 25 with regard to the prior two months. The price per sq.feet has had a considerable increase of 158 % 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 $10,525 to $16,671 during February, and March.
Based upon to the price in Vernon (cities), this has gone up in the last 6 months. The price in October is $322,469, rising in November till $346,909. During the following two months (December, January) the price has had an average incrementation from $334,689 to $365,457.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $350,073.25 to $326,980 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $335,477 they are 41 % more affordable than the average price for Vernon. The properties with the highest average price have 4 bedrooms, Their price is 89 % more costly than the average. After that we have properties with 3 bedrooms priced at $463,337.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $250 / sq.feet, with an average $9,641 / sq.feet price in Vernon. The properties with the highest average prices have 3 bedrooms. They are 769 % more expensive than the average followed by properties with 4 bedrooms with a price at $81,704 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $335,477 it is 23 % cheaper than the average price in Vernon. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $285,650 it is 41 % 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 $297 / sq.feet followed by "Land" priced at $31,420 / sq.feet. "House" is the most costly type of property with a $49,429 / sq.feet cost followed by "Land" with an average price of $31,420 / sq.feet.
