The prices in real estate in Brooklyn, 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 Brooklyn has increased strongly during the last 6 months. In November, the average price per sq.feet was $1,035. In the following month the price per sq.feet increased considerably to $10,332. The price for the following two months in (January, February) had a considerable increment of 150 %. The price per sq.feet has had a considerable deflation of 28 % 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 $7,102.75 to $2,014 during March, and April.
Based upon to the price in Brooklyn (cities), these have remained the same in the last 6 months. The price in November is $1,364,892, rising in December till $1,563,488. In the following two months the average price has remained the same with regard to the previous two months from $1,464,190 to $1,491,387. During the last two months the average price has had a strong fall compared to the previous four going from $1,477,788.5 to $1,218,342.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,189,890 they are 49 % more affordable than the average price for Brooklyn. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,041,333.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $939 / sq.feet, with an average $1,967 / sq.feet price in Brooklyn. The properties with the highest average prices have 1 bedroom. They are 114 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,523 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,189,890 it is 29 % cheaper than the average price in Brooklyn. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $1,490,536 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $854 / sq.feet followed by "House" priced at $1,010 / sq.feet. "Land" is the most costly type of property with a $7,237 / sq.feet cost followed by "Apartment" with an average price of $6,796 / sq.feet.