The prices in real estate in Fairport, 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 Fairport has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $388. In the following month the price per sq.feet decreased considerably to $217. The price for the following two months in (March, April) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable increase of 162 % 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 $260.75 to $422.5 during May, and June.
Based upon to the price in Fairport (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $203,271. During February the price went through a considerable rise reaching $315,227. During the following two months (March, April) the average price had a considerable increase of 117 % 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 $280,768 to $233,724.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $226,459 they are 46 % more expensive than the average price for Fairport. Following this ranking we find those properties with 4 at an average price of $343,052. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 1 bedroom priced at $331,317.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $488 / sq.feet price in Fairport. The properties with the lowest average prices have 1 bedroom. They are 61 % cheaper than the average followed by properties with 4 bedrooms with a price at $137 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $226,459 it is 11 % cheaper than the average price in Fairport. "Office" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $336,523 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $182 / sq.feet followed by "Townhouse" priced at $201 / sq.feet. "Condo" is the cheapest type of property with a $383 / sq.feet value followed by "House" with an average price of $209 / sq.feet.