Property prices for sale in East Hampton (New York)
The prices in real estate in East Hampton, 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 East Hampton has increased strongly during the last 6 months. In March, the average price per sq.feet was $2,805. In the following month the price per sq.feet decreased considerably to $351. The price for the following two months in (May, June) had a considerable increment of 215 %. The price per sq.feet has had a considerable increase of 730 % 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 $2,485.75 to $18,144 during July, and August.
Based upon to the price in East Hampton (cities), this has gone up considerably in the last 6 months. The average price for March is $890,878. During April the price had a slight fall till $844,575. During the following two months (May, June) the average price had a considerable increase of 150 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 220 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,805,600 they are 67 % more affordable than the average price for East Hampton. The properties with the lowest average price have 4 bedrooms, Their price is 31 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,465,991.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $317 / sq.feet, with an average $27,412 / sq.feet price in East Hampton. The properties with the lowest average prices have 3 bedrooms. They are 95 % cheaper than the average followed by properties with 4 bedrooms with a price at $969 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,805,600 it is 98 % cheaper than the average price in East Hampton. "Condo" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $2,182,712 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $17 / sq.feet followed by "Condo" priced at $954 / sq.feet. "Land" is the most costly type of property with a $471,076 / sq.feet cost followed by "House" with an average price of $6,106 / sq.feet.
