The prices in real estate in Jamaica, in the New York region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Jamaica has increased during the last 6 months. In September, the average price per sq.feet was $489. In the following month the price per sq.feet increased to $528. In the following two months the price per sq.feet has increased 112 %, going from $508.5 to $567.5 per sq.feet. The price per sq.feet has decreased 93 % 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 $538 to $502.5 during January, and February.
Based upon to the price in Jamaica (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is $758,109. In October This price remains at $775,697. During the following two months (November, December) the price has had an average incrementation from $766,903 to $837,456. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $895,536 they are 82 % more affordable than the average price for Jamaica. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $673,187.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $490 / sq.feet, with an average $465 / sq.feet price in Jamaica. The properties with the highest average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 3 bedrooms with a price at $527 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $895,536 it is 59 % cheaper than the average price in Jamaica. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $426,299 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $254 / sq.feet followed by "Townhouse" priced at $281 / sq.feet. "Condo" is the most costly type of property with a $662 / sq.feet cost followed by "House" with an average price of $470 / sq.feet.