Property prices for sale in Great Neck (New York)
The prices in real estate in Great Neck, 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 Great Neck has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $8,373. In the following month the price per sq.feet decreased considerably to $886. The price for the following two months in (December, January) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 26 % 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 $2,688.25 to $695.5 during February, and March.
Based upon to the price in Great Neck (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $1,595,748. In November This price remains at $1,639,098. In the following two months the average price has remained the same with regard to the previous two months from $1,617,423 to $1,688,576.5. 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 $1,652,999.75 and $1,626,505 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,698,793 they are 77 % more affordable than the average price for Great Neck. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,256,859.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $466 / sq.feet, with an average $673 / sq.feet price in Great Neck. The properties with the highest average prices have 2 bedrooms. They are 50 % more expensive than the average followed by properties with 4 bedrooms with a price at $545 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,698,793 it is 77 % cheaper than the average price in Great Neck. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $1,881,785 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $333 / sq.feet followed by "Townhouse" priced at $379 / sq.feet. "Condo" is the most costly type of property with a $978 / sq.feet cost followed by "Detached House" with an average price of $690 / sq.feet.
