The prices in real estate in Cortland, 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 Cortland has increased during the last 6 months. In March, the average price per sq.feet was $112. In the following month the price per sq.feet increased to $119. In the following two months the price per sq.feet has increased 111 %, going from $115.5 to $128 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $121.75 to $121.5 during July y August
Based upon to the price in Cortland (cities), this has gone up in the last 6 months. The price in March is $186,881, rising in April till $198,171. During the following two months (May, June) the average price had a considerable increase of 120 % with regard to the previous two months. 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 $211,416.25 and $205,546.5 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 $202,003 they are 79 % more affordable than the average price for Cortland. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $183,341.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $69 / sq.feet, with an average $127 / sq.feet price in Cortland. The properties with the highest average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 3 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $202,003 it is 64 % cheaper than the average price in Cortland. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $393,002 it is 358 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $53 / sq.feet followed by "Office" priced at $70 / sq.feet. "Land" is the most costly type of property with a $5,456 / sq.feet cost followed by "Condo" with an average price of $126 / sq.feet.