The prices in real estate in East Rockaway, 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 Rockaway has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $420. In May this price pretty much remained the same at a value of $406 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable increase of 128 % 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 $308 to $393.5 during August, and September.
Based upon to the price in East Rockaway (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $555,625. In May This price remains at $535,000. During the following two months (June, July) the average price had a considerable reduction of 49 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $498,333 they are 7 % more expensive than the average price for East Rockaway. Following this ranking we find those properties with 1 at an average price of $563,115. The properties with the highest average price have 3 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 1 bedroom priced at $563,115.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $402 / sq.feet, with an average $370 / sq.feet price in East Rockaway. The properties with the highest average prices have 3 bedrooms. They are 18 % more expensive than the average followed by properties with 1 bedroom with a price at $423 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $498,333 it is 10 % more expensive than the average price in East Rockaway. "Condo" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Commercial". At a price of $547,931 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $421 / sq.feet followed by "Condo" priced at $438 / sq.feet. "Condo" is the most costly type of property with a $438 / sq.feet cost followed by "Commercial" with an average price of $421 / sq.feet.