The prices in real estate in Woodcliff Lake, 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 Woodcliff Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $287,981. In the following month the price per sq.feet increased considerably to $474,958. The price for the following two months in (December, January) had a considerable increment of 146 %. The price per sq.feet has had a considerable increase of 266 % 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 $469,280.25 to $1,250,100 during February, and March.
Based upon to the price in Woodcliff Lake (cities), this has gone up considerably in the last 6 months. The price in October is $1,187,500, rising in November till $1,354,111. During the following two months (December, January) the average price had a considerable increase of 123 % with regard to the previous two months. 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 $1,416,836 and $1,487,475 between February and March.