The prices in real estate in Williamstown, 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 Williamstown has increased strongly during the last 6 months. In March, the average price per sq.feet was $114. In the following month the price per sq.feet increased to $121. The price for the following two months in (May, June) had a considerable increment of 15098 %. The price per sq.feet has had a considerable increase of 340 % 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 $8,929 to $30,370 during July, and August.
Based upon to the price in Williamstown (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $213,051. During April the price went through a considerable rise reaching $257,180. In the following two months the average price has remained the same with regard to the previous two months from $235,115.5 to $236,900.5. During the last two months the average price has had a strong fall compared to the previous four going from $236,008 to $196,550, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $200,693 they are 76 % more affordable than the average price for Williamstown. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $171,853.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $25,884 / sq.feet price in Williamstown. The properties with the lowest average prices have 3 bedrooms. They are 100 % cheaper than the average followed by properties with 4 bedrooms with a price at $103 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $200,693 it is 46 % cheaper than the average price in Williamstown. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $128,289 it is 5 % 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 $42 / sq.feet followed by "Duplex" priced at $56 / sq.feet. "Townhouse" is the cheapest type of property with a $932 / sq.feet value followed by "House" with an average price of $98 / sq.feet.