The prices in real estate in East Rockaway, in the New York region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in East Rockaway has increased during the last 6 months. In November, the average price per sq.feet was $371. In December this price pretty much remained the same at a value of $370 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $370.5 to $374.5 per sq.feet. The price per sq.feet has had a considerable increase of 121 % 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 $372.5 to $451.5 during March, and April.
Based upon to the price in East Rockaway (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $769,479. In December This price remains at $764,722. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $736,615.75 to $648,760 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $664,055 they are 59 % more affordable than the average price for East Rockaway. The properties with the highest average price have 3 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 4 bedrooms priced at $544,431.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $277 / sq.feet, with an average $458 / sq.feet price in East Rockaway. The properties with the lowest average prices have 4 bedrooms. They are 12 % cheaper than the average followed by properties with 1 bedroom with a price at $318 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $664,055 it is 20 % cheaper than the average price in East Rockaway. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Commercial". At a price of $529,059 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $386 / sq.feet followed by "Condo" priced at $403 / sq.feet. "Condo" is the cheapest type of property with a $403 / sq.feet value followed by "Commercial" with an average price of $386 / sq.feet.