The prices in real estate in Wyckoff, 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 Wyckoff has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $229,767. In the following month the price per sq.feet decreased considerably to $59,829. The price for the following two months in (January, February) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 31 % 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 $127,735.5 to $38,971 during March, and April.
Based upon to the price in Wyckoff (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $1,050,518. In December This price remains at $1,096,520. During the following two months (January, February) the price has had an average incrementation from $1,073,519 to $1,168,675. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.