The prices in real estate in Garden City, 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 Garden City has increased strongly during the last 6 months. In April, the average price per sq.feet was $256. In the following month the price per sq.feet increased to $279. The price for the following two months in (June, July) had a considerable increment of 142 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $324 to $330.5 during August y September
Based upon to the price in Garden City (cities), this has gone up considerably in the last 6 months. In our first sample month during April, the average price is $1,113,597. In May This price remains at $1,144,721. During the following two months (June, July) the price has had an average incrementation from $1,129,159 to $1,252,786. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % 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 $1,376,151 they are 65 % more affordable than the average price for Garden City. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,093,761.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $475 / sq.feet, with an average $343 / sq.feet price in Garden City. The properties with the highest average prices have 4 bedrooms. They are 49 % more expensive than the average followed by properties with 2 bedrooms with a price at $492 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,376,151 it is 46 % cheaper than the average price in Garden City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $1,472,193 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $398 / sq.feet followed by "House" priced at $497 / sq.feet. "Condo" is the most costly type of property with a $864 / sq.feet cost followed by "Duplex" with an average price of $572 / sq.feet.