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 May, the average price per sq.feet was $260. In June this price pretty much remained the same at a value of $260 per sq.feet. The price for the following two months in (July, August) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable increase of 122 % 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 $197 to $240 during September, and October.
Based upon to the price in Bay Shore (cities), this has fallen considerably in the last 6 months. In our first sample month during May, the average price is $491,821. In June This price remains at $491,821. During the following two months (July, August) the average price had a considerable reduction of 54 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 64 % cheaper than the average price of $170,249 in Bay Shore. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 64 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 123 % more costly than the average price of ($507 / sq.feet) in Bay Shore. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 123 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $473,595 it is 64 % cheaper than the average price in Bay Shore. "Condo" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "Condo". At a price of $260,657 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $152 / sq.feet followed by "Condo" priced at $155 / sq.feet. "Apartment" is the most costly type of property with a $507 / sq.feet cost followed by "Condo" with an average price of $155 / sq.feet.