The prices in real estate in Bay Shore, 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 Bay Shore has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $245. In September this price pretty much remained the same at a value of $250 per sq.feet. The price for the following two months in (October, November) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $222.5 to $189 during December, and January.
Based upon to the price in Bay Shore (cities), this has gone downing the last 6 months. In our first sample month during August, the average price is $538,522. In September This price remains at $545,607. During the following two months (October, November) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $501,961 to $448,361 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $481,317 they are 34 % more affordable than the average price for Bay Shore. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $433,497.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $248 / sq.feet, with an average $223 / sq.feet price in Bay Shore. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $265 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $481,317 it is 66 % cheaper than the average price in Bay Shore. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $540,208 it is 26 % 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 $39 / sq.feet followed by "Commercial Property" priced at $137 / sq.feet. "Apartment" is the most costly type of property with a $481 / sq.feet cost followed by "Townhouse" with an average price of $263 / sq.feet.