The prices in real estate in Ballston Lake, in the New York 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 Ballston Lake has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $171. In the following month the price per sq.feet decreased considerably to . In the following two months the price per sq.feet has increased 111 %, going from $85.5 to $94.5 per sq.feet. The price per sq.feet has had a considerable increase of 184 % 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 $90 to $165.5 during November, and December.
Based upon to the price in Ballston Lake (cities), this has fallen considerably in the last 6 months. The average price for July is $331,072. During August the price had a considerable reduction till . In the following two months the average price has remained the same with regard to the previous two months from $165,536 to $160,466.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 250 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $408,295 they are 30 % more affordable than the average price for Ballston Lake. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 1 bedroom priced at $322,067.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $163 / sq.feet price in Ballston Lake. The properties with the highest average prices have 2 bedrooms. They are 29 % more expensive than the average followed by properties with 1 bedroom with a price at $163 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $408,295 it is 21 % cheaper than the average price in Ballston Lake. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $320,803 it is 12 % 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 $162 / sq.feet followed by "Townhouse" priced at $1,510 / sq.feet. "Townhouse" is the most costly type of property with a $1,510 / sq.feet cost followed by "House" with an average price of $162 / sq.feet.