The prices in real estate in Williamstown, 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 Williamstown has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $1,311. In the following month the price per sq.feet decreased considerably to $169. The price for the following two months in (May, June) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 36 % 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 $458.25 to $165 during July, and August.
Based upon to the price in Williamstown (cities), this has gone up in the last 6 months. The price in March is $273,912, rising in April till $295,465. In the following two months the average price has remained the same with regard to the previous two months from $284,688.5 to $285,844.5. 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 $285,266.5 and $297,081.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $282,550 they are 35 % more affordable than the average price for Williamstown. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 1 bedroom priced at $239,520.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $140 / sq.feet, with an average $161 / sq.feet price in Williamstown. The properties with the highest average prices have 1 bedroom. They are 12548 % more expensive than the average followed by properties with 3 bedrooms with a price at $11,960 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $282,550 it is 77 % cheaper than the average price in Williamstown. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $221,449 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $18 / sq.feet followed by "Duplex" priced at $32 / sq.feet. "Land" is the most costly type of property with a $35,930 / sq.feet cost followed by "House" with an average price of $4,408 / sq.feet.