The prices in real estate in Wood Ridge, 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 Wood Ridge has increased strongly during the last 6 months. In February, the average price per sq.feet was $415. In March this price pretty much remained the same at a value of $403 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $409 to $409 per sq.feet. The price per sq.feet has had a considerable increase of 676 % 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 $409 to $2,766 during June, and July.
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 February, is $485,109. During March the price went through a considerable rise reaching $595,064. During the following two months (April, May) the price has had an average incrementation from $540,086.5 to $620,303. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % 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 $683,290 they are 21 % more affordable than the average price for Wood Ridge. The properties with the lowest average price have 1 bedroom, Their price is 18 % cheaper than the average. After that we have properties with 3 bedrooms priced at $550,728.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $8,705 / sq.feet, with an average $425 / sq.feet price in Wood Ridge. The properties with the highest average prices have 1 bedroom. They are 2023 % more expensive than the average followed by properties with 3 bedrooms with a price at $8,885 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $683,290 it is 27 % 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 $539,808 it is 14 % 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 $242 / sq.feet followed by "Commercial" priced at $274 / sq.feet. "House" is the most costly type of property with a $8,705 / sq.feet cost followed by "Commercial" with an average price of $274 / sq.feet.