The prices in real estate in East Islip, in the New York region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in East Islip has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $344. In the following month the price per sq.feet decreased to $316. The price for the following two months in (March, April) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 18 % 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 $262.5 to $47 during May, and June.
Based upon to the price in East Islip (cities), this has fallen considerably in the last 6 months. The average price for January is $1,982,713. During February the price had a considerable reduction till $1,578,332. During the following two months (March, April) the average price had a considerable reduction of 83 % 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 $1,627,444.75 to $1,247,730, which means a 77 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 9 % cheaper than the average price of $1,118,959 in East Islip. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 9 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 742 % more costly than the average price of ($303 / sq.feet) in East Islip. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 742 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,223,711 it is 48 % cheaper than the average price in East Islip. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $911,284 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $237 / sq.feet followed by "Condo" priced at $297 / sq.feet. "Apartment" is the most costly type of property with a $303 / sq.feet cost followed by "Condo" with an average price of $297 / sq.feet.