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 $636. In the following month the price per sq.feet increased considerably to $775. In the following two months the price per sq.feet has increased 109 %, going from $705.5 to $766 per sq.feet. The price per sq.feet has had a considerable increase of 938 % 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 $735.75 to $6,899 during February, and March.
Based upon to the price in East Hampton (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $1,964,550. During November the price went through a considerable rise reaching $2,502,363. During the following two months (December, January) the price has had an average incrementation from $2,233,456.5 to $2,537,912.5. During the last two months the average price has had a strong fall compared to the previous four going from $2,385,684.5 to $1,818,240.5, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,727,478 they are 34 % more affordable than the average price for East Hampton. The properties with the highest average price have 1 bedroom, Their price is 58 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,636,479.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $8,121 / sq.feet, with an average $6,581 / sq.feet price in East Hampton. The properties with the highest average prices have 3 bedrooms. They are 57 % more expensive than the average followed by properties with 2 bedrooms with a price at $10,172 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $1,727,478 it is 17 % more expensive than the average price in East Hampton. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $2,023,523 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $5,750 / sq.feet followed by "House" priced at $7,872 / sq.feet. "House" is the most costly type of property with a $7,872 / sq.feet cost followed by "Apartment" with an average price of $5,750 / sq.feet.