The prices in real estate in Chautauqua, 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 Chautauqua has fallen in the last 6 months. In October, the average price per sq.feet was $402. In the following month the price per sq.feet increased considerably to $617. The price for the following two months in (December, January) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $405.75 to $270 during February, and March.
Based upon to the price in Chautauqua (cities), this has gone downing the last 6 months. The average price during our first sample month during October, is $1,185,077. During November the price went through a considerable rise reaching $2,052,385. During the following two months (December, January) the average price had a considerable reduction of 61 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,299,829.5 to $589,065, which means a 45 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 56 % cheaper than the average price of $200,063 in Chautauqua. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 42 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 19 % cheaper than the average price of ($239 / sq.feet) in Chautauqua. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 48 % more costly than the average value aforementioned.