The prices in real estate in Hempstead, 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 Hempstead has fallen in the last 6 months. In September, the average price per sq.feet was $426. In the following month the price per sq.feet decreased to $404. The price for the following two months in (November, December) decreased 93 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $399.75 to $371 during January, and February.
Based upon to the price in Hempstead (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $574,228. In October This price remains at $559,126. In the following two months the average price has remained the same with regard to the previous two months from $566,677 to $556,090. 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 1 bedroom are the cheapest ones. At a price of $619,633 they are 60 % more affordable than the average price for Hempstead. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at $540,527.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $449 / sq.feet, with an average $366 / sq.feet price in Hempstead. The properties with the highest average prices have 2 bedrooms. They are 65 % more expensive than the average followed by properties with 1 bedroom with a price at $558 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $619,633 it is 60 % cheaper than the average price in Hempstead. "House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "Apartment". At a price of $558,467 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Detached House" at an average cost of $387 / sq.feet followed by "Apartment" priced at $449 / sq.feet. "Farm" is the most costly type of property with a $1,982 / sq.feet cost followed by "House" with an average price of $526 / sq.feet.