The prices in real estate in Whiting, 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 Whiting has increased strongly during the last 6 months. In January, the average price per sq.feet was $108. In the following month the price per sq.feet increased considerably to $396. The price for the following two months in (March, April) had a considerable increment of 273 %. The price per sq.feet has had a considerable increase of 245 % 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 $470.25 to $1,150 during May, and June.
Based upon to the price in Whiting (cities), this has gone up in the last 6 months. The average price during our first sample month during January, is $167,180. During February the price went through a considerable rise reaching $205,759. In the following two months the average price has remained the same with regard to the previous two months from $186,469.5 to $181,608.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $184,039 to $167,531.5 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $174,303 they are 43 % more expensive than the average price for Whiting. Following this ranking we find those properties with 3 at an average price of $269,395. The properties with the highest average price have 1 bedroom, Their price is 84 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,395.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $165 / sq.feet, with an average $1,989 / sq.feet price in Whiting. The properties with the lowest average prices have 2 bedrooms. They are 2 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,734 / sq.feet.
With regard to the average price based upon the property in Whiting we can see that most expensive property type is "House" at a price of $269,395, they are 55 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 55 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $1,734 / sq.feet. "House" with an average cost of $1,734 / sq.feet has the lowest price and would be directed at less affluent cities.