The prices in real estate in Binghamton, in the New York region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Binghamton has increased strongly during the last 6 months. In January, the average price per sq.feet was $58. In the following month the price per sq.feet increased considerably to $73. In the following two months the price per sq.feet has increased 105 %, going from $65.5 to $69 per sq.feet. 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 $67.25 to $68.5 during May y June
Based upon to the price in Binghamton (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $139,729. During February the price went through a considerable rise reaching $210,873. During the following two months (March, April) the average price had a considerable reduction of 84 % 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 119 % 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 $195,441 they are 62 % more affordable than the average price for Binghamton. The properties with the lowest average price have 4 bedrooms, Their price is 24 % 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 $71 / sq.feet price in Binghamton. The properties with the lowest average prices have 1 bedroom. They are 7 % 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 "Triplex" as the most affordable one. At an cost of $195,441 it is 47 % cheaper than the average price in Binghamton. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $139,260 it is 421 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Triplex" at an average cost of $38 / sq.feet followed by "Office" priced at $44 / sq.feet. "House" is the cheapest type of property with a $56 / sq.feet value followed by "Condo" with an average price of $55 / sq.feet.