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 $6,581. In the following month the price per sq.feet increased considerably to $14,086. The price for the following two months in (May, June) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has had a considerable increase of 129 % 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 $8,783.75 to $11,326 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 during our first sample month during March, is $1,727,478. During April the price went through a considerable rise reaching $2,307,077. In the following two months the average price has remained the same with regard to the previous two months from $2,017,277.5 to $1,928,387. 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 $1,972,832.25 and $1,966,647 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 $2,118,078 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 10 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,260,310.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $2,070 / sq.feet, with an average $14,693 / sq.feet price in East Hampton. The properties with the highest average prices have 4 bedrooms. They are 56 % more expensive than the average followed by properties with 3 bedrooms with a price at $21,708 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $2,118,078 it is 61 % cheaper than the average price in East Hampton. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $2,239,965 it is 49 % 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 $5,720 / sq.feet followed by "Land" priced at $7,583 / sq.feet. "House" is the cheapest type of property with a $9,191 / sq.feet value followed by "Apartment" with an average price of $9,006 / sq.feet.