The prices in real estate in Floral Park, 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 Floral Park has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $15,057. In the following month the price per sq.feet increased considerably to $19,818. In the following two months the price per sq.feet has barely changed, going from $17,437.5 to $17,162.5 per sq.feet. The price per sq.feet has had a considerable deflation of 3 % 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 $17,300 to $464 during September, and October.
Based upon to the price in Floral Park (cities), these have remained the same in the last 6 months. The average price for May is $775,472. During June the price had a slight fall till $719,629. In the following two months the average price has remained the same with regard to the previous two months from $747,550.5 to $762,611. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $755,080.75 and $745,633 between September and October.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 10 % cheaper than the average price of $683,150 in Floral Park. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 10 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 20 % cheaper than the average price of ($365 / sq.feet) in Floral Park. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 20 % 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 $759,296 it is 30 % cheaper than the average price in Floral Park. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $560,119 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $365 / sq.feet followed by "House" priced at $434 / sq.feet. "Townhouse" is the most costly type of property with a $945 / sq.feet cost followed by "Duplex" with an average price of $941 / sq.feet.