The prices in real estate in Central Islip, 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 Central Islip has fallen in the last 6 months. In September, the average price per sq.feet was $324. In October this price pretty much remained the same at a value of $322 per sq.feet. The price for the following two months in (November, December) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $311.5 to $260 during January, and February.
Based upon to the price in Central Islip (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $474,112. In October This price remains at $463,308. In the following two months the average price has remained the same with regard to the previous two months from $468,710 to $482,447. 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 $475,578.5 and $470,759 between 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 $458,374 they are 47 % more affordable than the average price for Central Islip. The properties with the highest average price have 3 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 4 bedrooms priced at $446,165.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $223 / sq.feet, with an average $249 / sq.feet price in Central Islip. The properties with the highest average prices have 2 bedrooms. They are 24 % more expensive than the average followed by properties with 1 bedroom with a price at $294 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $458,374 it is 50 % cheaper than the average price in Central Islip. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $317,998 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $120 / sq.feet followed by "House" priced at $232 / sq.feet. "Condo" is the most costly type of property with a $299 / sq.feet cost followed by "House" with an average price of $232 / sq.feet.