Property prices for sale in Brooklyn (New York)
The prices in real estate in Brooklyn, in the New York region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Brooklyn has increased during the last 6 months. In March, the average price per sq.feet was $828. In the following month the price per sq.feet increased considerably to $1,034. The price for the following two months in (May, June) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $900.75 to $814.5 during July, and August.
Based upon to the price in Brooklyn (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $1,370,710. In April This price remains at $1,437,650. In the following two months the average price has remained the same with regard to the previous two months from $1,404,180 to $1,467,865.5. 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 $1,436,022.75 and $1,375,941 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,409,745 they are 62 % more affordable than the average price for Brooklyn. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,119,070.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $672 / sq.feet, with an average $815 / sq.feet price in Brooklyn. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $754 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,409,745 it is 36 % cheaper than the average price in Brooklyn. "Land" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Commercial". At a price of $1,501,055 it is 67 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $379 / sq.feet followed by "Commercial" priced at $404 / sq.feet. "Apartment" is the most costly type of property with a $7,538 / sq.feet cost followed by "Condo" with an average price of $989 / sq.feet.
