The prices in real estate in Gansevoort, in the New York region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Gansevoort has increased strongly during the last 6 months. In October, the average price per sq.feet was $416. In the following month the price per sq.feet decreased considerably to $238. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 657 % 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 $304.75 to $2,002.5 during February, and March.
Based upon to the price in Gansevoort (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $418,168. In November This price remains at $429,129. During the following two months (December, January) the price has had an average incrementation from $423,648.5 to $454,740.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $503,235 they are 57 % more affordable than the average price for Gansevoort. The properties with the highest average price have 1 bedroom, Their price is 28 % more costly than the average. After that we have properties with 4 bedrooms priced at $443,438.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $2,293 / sq.feet price in Gansevoort. The properties with the lowest average prices have 1 bedroom. They are 84 % cheaper than the average followed by properties with 3 bedrooms with a price at $262 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $503,235 it is 60 % cheaper than the average price in Gansevoort. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $436,663 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $241 / sq.feet followed by "Detached House" priced at $269 / sq.feet. "Land" is the most costly type of property with a $54,210 / sq.feet cost followed by "Detached House" with an average price of $269 / sq.feet.