The prices in real estate in Bronx, 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 Bronx has fallen in the last 6 months. In September, the average price per sq.feet was $362. In October this price pretty much remained the same at a value of $345 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $353.5 to $337.5 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 $345.5 to $340.5 during January y February
Based upon to the price in Bronx (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $545,096. In October This price remains at $534,567. In the following two months the average price has remained the same with regard to the previous two months from $539,831.5 to $525,467.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $532,649.5 to $476,549.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $487,649 they are 58 % more affordable than the average price for Bronx. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $583,954.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $279 / sq.feet, with an average $350 / sq.feet price in Bronx. The properties with the highest average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $375 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $487,649 it is 40 % cheaper than the average price in Bronx. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Land". At a price of $654,298 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $308 / sq.feet followed by "Duplex" priced at $327 / sq.feet. "Land" is the most costly type of property with a $397 / sq.feet cost followed by "Condo" with an average price of $386 / sq.feet.