The prices in real estate in Farmingville, 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 Farmingville has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $202. In February this price pretty much remained the same at a value of $202 per sq.feet. The price for the following two months in (March, April) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 209 % 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 $101 to $211.5 during May, and June.
Based upon to the price in Farmingville (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $353,357. In February This price remains at $353,357. During the following two months (March, April) the average price had a considerable reduction of 0 % 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 209 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 4 % cheaper than the average price of $352,296 in Farmingville. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 4 % cheaper than the average price of ($199 / sq.feet) in Farmingville. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $366,041 it is 16 % cheaper than the average price in Farmingville. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Commercial Property". At a price of $348,435 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $173 / sq.feet followed by "Commercial Property" priced at $188 / sq.feet. "Apartment" is the cheapest type of property with a $199 / sq.feet value followed by "Commercial Property" with an average price of $188 / sq.feet.