The prices in real estate in College Point, 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 College Point has increased strongly during the last 6 months. In January, the average price per sq.feet was $627. In the following month the price per sq.feet increased considerably to $926. In the following two months the price per sq.feet has barely changed, going from $776.5 to $787.5 per sq.feet. The price per sq.feet has had a considerable deflation of 79 % 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 $782 to $614.5 during May, and June.
Based upon to the price in College Point (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $661,005. During February the price went through a considerable rise reaching $1,099,732. During the following two months (March, April) the price has had an average incrementation from $880,368.5 to $983,372.5. During the last two months the average price has had a strong fall compared to the previous four going from $931,870.5 to $765,690.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $751,667 they are 1 % more affordable than the average price for College Point. The properties with the highest average price have 3 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 1 bedroom priced at $751,016.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $485 / sq.feet, with an average $604 / sq.feet price in College Point. The properties with the highest average prices have 3 bedrooms. They are 648 % more expensive than the average followed by properties with 1 bedroom with a price at $491 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $751,667 it is 1 % cheaper than the average price in College Point. "Apartment" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Townhouse". At a price of $862,578 it is 17 % 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 $485 / sq.feet followed by "Duplex" priced at $564 / sq.feet. "Apartment" is the most costly type of property with a $7,729 / sq.feet cost followed by "Townhouse" with an average price of $567 / sq.feet.