The prices in real estate in Bohemia, 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 Bohemia has increased strongly during the last 6 months. In October, the average price per sq.feet was $308. In November this price pretty much remained the same at a value of $320 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from $314 to $342.5 per sq.feet. The price per sq.feet has had a considerable increase of 6413 % 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 $328.25 to $21,052 during February, and March.
Based upon to the price in Bohemia (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $676,144. In November This price remains at $689,327. During the following two months (December, January) the price has had an average incrementation from $682,735.5 to $733,176.5. 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 $707,956 and $698,309 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $697,300 they are 67 % more affordable than the average price for Bohemia. The properties with the lowest average price have 4 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 3 bedrooms priced at $439,134.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $115 / sq.feet, with an average $41,767 / sq.feet price in Bohemia. The properties with the lowest average prices have 2 bedrooms. They are 99 % cheaper than the average followed by properties with 1 bedroom with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $697,300 it is 57 % cheaper than the average price in Bohemia. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $475,684 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $87 / sq.feet followed by "Commercial Property" priced at $120 / sq.feet. "Condo" is the cheapest type of property with a $270 / sq.feet value followed by "House" with an average price of $175 / sq.feet.