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 October, the average price per sq.feet was $614. In the following month the price per sq.feet increased considerably to $1,725. The price for the following two months in (December, January) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has had a considerable increase of 238 % 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 $1,056 to $2,510.5 during February, and March.
Based upon to the price in East Hampton (cities), this has fallen considerably in the last 6 months. The average price for October is $1,653,640. During November the price had a slight fall till $1,407,239. During the following two months (December, January) the average price had a considerable reduction of 58 % 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 $1,210,872.25 to $810,686, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $890,878 they are 54 % more affordable than the average price for East Hampton. The properties with the highest average price have 2 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $775,167.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $302 / sq.feet, with an average $2,805 / sq.feet price in East Hampton. The properties with the lowest average prices have 1 bedroom. They are 53 % cheaper than the average followed by properties with 2 bedrooms with a price at $995 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $890,878 it is 95 % cheaper than the average price in East Hampton. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Land". At a price of $2,790,617 it is 295 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $14 / sq.feet followed by "House" priced at $517 / sq.feet. "Apartment" is the most costly type of property with a $1,006,316 / sq.feet cost followed by "Land" with an average price of $819,147 / sq.feet.
