The prices in real estate in Verona, 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 Verona has increased strongly during the last 6 months. In January, the average price per sq.feet was $820. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (March, April) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 29085 % 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 $205 to $59,623.5 during May, and June.
Based upon to the price in Verona (cities), this has fallen considerably in the last 6 months. The average price for January is $334,392. During February the price had a considerable reduction till . During the following two months (March, April) the average price had a considerable reduction of 0 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 221 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $370,078 they are 43 % more affordable than the average price for Verona. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 2 bedrooms priced at $393,935.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $217 / sq.feet, with an average $119,247 / sq.feet price in Verona. The properties with the lowest average prices have 2 bedrooms. They are 96 % cheaper than the average followed by properties with 1 bedroom with a price at $2,119 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $370,078 it is 14 % cheaper than the average price in Verona. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $386,686 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $209 / sq.feet followed by "Farm" priced at $237 / sq.feet. "Condo" is the cheapest type of property with a $33,803 / sq.feet value followed by "House" with an average price of $5,904 / sq.feet.