The prices in real estate in Astoria, in the New York 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 Astoria has increased strongly during the last 6 months. In September, the average price per sq.feet was $652. In the following month the price per sq.feet increased to $746. In the following two months the price per sq.feet has increased 106 %, going from $699 to $741 per sq.feet. The price per sq.feet has had a considerable increase of 128 % 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 $720 to $924.5 during January, and February.
Based upon to the price in Astoria (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $1,022,903. In October This price remains at $1,049,253. In the following two months the average price has remained the same with regard to the previous two months from $1,036,078 to $1,022,968. During the last two months the average price has had a strong fall compared to the previous four going from $1,029,523 to $742,880, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $731,797 they are 26 % more affordable than the average price for Astoria. The properties with the highest average price have 4 bedrooms, Their price is 78 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,004,840.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $609 / sq.feet, with an average $930 / sq.feet price in Astoria. The properties with the highest average prices have 2 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $932 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $731,797 it is 34 % cheaper than the average price in Astoria. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $1,079,069 it is 133 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $630 / sq.feet followed by "Condo" priced at $984 / sq.feet. "Townhouse" is the most costly type of property with a $11,202 / sq.feet cost followed by "Office" with an average price of $6,555 / sq.feet.