The prices in real estate in Binghamton, 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 Binghamton has fallen in the last 6 months. In November, the average price per sq.feet was $83. In the following month the price per sq.feet decreased to $71. The price for the following two months in (January, February) decreased 95 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $75 to $73 during March y April
Based upon to the price in Binghamton (cities), this has gone downing the last 6 months. The average price for November is $181,870. During December the price had a considerable reduction till $132,190. During the following two months (January, February) the price has had an average incrementation from $157,030 to $165,306.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $161,168.25 and $155,470 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $166,785 they are 55 % more affordable than the average price for Binghamton. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 1 bedroom priced at $137,131.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $50 / sq.feet, with an average $78 / sq.feet price in Binghamton. The properties with the lowest average prices have 1 bedroom. They are 15 % cheaper than the average followed by properties with 2 bedrooms with a price at $59 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $166,785 it is 51 % cheaper than the average price in Binghamton. "Triplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $137,868 it is 507 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $19 / sq.feet followed by "Triplex" priced at $28 / sq.feet. "Apartment" is the cheapest type of property with a $56 / sq.feet value followed by "Condo" with an average price of $45 / sq.feet.