The prices in real estate in Forest Hills, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Forest Hills has fallen in the last 6 months. In October, the average price per sq.feet was $694. In November this price pretty much remained the same at a value of $686 per sq.feet. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $658.5 to $581 during February, and March.
Based upon to the price in Forest Hills (cities), this has gone downing the last 6 months. The price in October is $965,811, rising in November till $1,021,321. During the following two months (December, January) the average price had a considerable reduction of 79 % 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 gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,021,037 they are 61 % more affordable than the average price for Forest Hills. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,220,294.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $636 / sq.feet, with an average $593 / sq.feet price in Forest Hills. The properties with the highest average prices have 2 bedrooms. They are 40 % more expensive than the average followed by properties with 4 bedrooms with a price at $807 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,021,037 it is 67 % cheaper than the average price in Forest Hills. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $1,649,737 it is 115 % 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 $523 / sq.feet followed by "Townhouse" priced at $711 / sq.feet. "Apartment" is the most costly type of property with a $1,372 / sq.feet cost followed by "Condo" with an average price of $839 / sq.feet.