The prices in real estate in Babylon, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Babylon has fallen in the last 6 months. In October, the average price per sq.feet was $424. In the following month the price per sq.feet increased to $449. The price for the following two months in (December, January) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $403.25 to $354.5 during February, and March.
Based upon to the price in Babylon (cities), this has gone up in the last 6 months. The average price for October is $754,986. During November the price had a slight fall till $717,079. During the following two months (December, January) the price has had an average incrementation from $736,032.5 to $836,614. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $909,926 they are 49 % more affordable than the average price for Babylon. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $610,519.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $232 / sq.feet, with an average $387 / sq.feet price in Babylon. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $263 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $909,926 it is 38 % cheaper than the average price in Babylon. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $564,447 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $251 / sq.feet followed by "Condo" priced at $303 / sq.feet. "Condo" is the cheapest type of property with a $303 / sq.feet value followed by "House" with an average price of $251 / sq.feet.