The prices in real estate in Bronx, 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 Bronx has increased strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $302. The price for the following two months in (December, January) had a considerable increment of 244 %. The price per sq.feet has had a considerable increase of 123 % 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 $259.5 to $318.5 during February, and March.
Based upon to the price in Bronx (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $447,994. During the following two months (December, January) the average price had a considerable increase of 219 % 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 139 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $499,836 they are 58 % more affordable than the average price for Bronx. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $531,267.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $259 / sq.feet, with an average $298 / sq.feet price in Bronx. The properties with the highest average prices have 4 bedrooms. They are 30 % more expensive than the average followed by properties with 3 bedrooms with a price at $350 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $499,836 it is 36 % cheaper than the average price in Bronx. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $647,662 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $307 / sq.feet followed by "House" priced at $308 / sq.feet. "Townhouse" is the most costly type of property with a $490 / sq.feet cost followed by "Condo" with an average price of $429 / sq.feet.