The prices in real estate in Wood Ridge, in the New Jersey region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Wood Ridge has fallen in the last 6 months. In March, the average price per sq.feet was $407. In the following month the price per sq.feet decreased considerably to $333. In the following two months the price per sq.feet has barely changed, going from $370 to $352 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $361 to $361.5 during July y August
Based upon to the price in Wood Ridge (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $488,125. During April the price went through a considerable rise reaching $570,623. During the following two months (May, June) the price has had an average incrementation from $529,374 to $578,051. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $627,827 they are 13 % more affordable than the average price for Wood Ridge. The properties with the highest average price have 1 bedroom, Their price is 3 % more costly than the average. After that we have properties with 2 bedrooms priced at $580,089.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $251 / sq.feet, with an average $339 / sq.feet price in Wood Ridge. The properties with the highest average prices have 3 bedrooms. They are 2537 % more expensive than the average followed by properties with 4 bedrooms with a price at $8,804 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $627,827 it is 19 % cheaper than the average price in Wood Ridge. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $545,787 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $253 / sq.feet followed by "Commercial" priced at $285 / sq.feet. "House" is the most costly type of property with a $8,804 / sq.feet cost followed by "Commercial" with an average price of $285 / sq.feet.