The prices in real estate in Hewlett, 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 Hewlett has increased strongly during the last 6 months. In June, the average price per sq.feet was $263. In the following month the price per sq.feet increased considerably to $340. The price for the following two months in (August, September) had a considerable increment of 116 %. The price per sq.feet has increased 109 % 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 $325.75 to $356 during October, and November.
Based upon to the price in Hewlett (cities), this has gone up considerably in the last 6 months. The price in June is $691,750, rising in July till $740,354. During the following two months (August, September) the average price had a considerable increase of 128 % 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 risen strongly 116 % 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 $1,040,129 they are 14 % more affordable than the average price for Hewlett. The properties with the lowest average price have 1 bedroom, Their price is 14 % cheaper than the average. After that we have properties with 2 bedrooms priced at $896,084.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $256 / sq.feet, with an average $359 / sq.feet price in Hewlett. The properties with the lowest average prices have 1 bedroom. They are 28 % cheaper than the average followed by properties with 2 bedrooms with a price at $256 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,040,129 it is 14 % cheaper than the average price in Hewlett. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $894,291 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $254 / sq.feet followed by "Apartment" priced at $256 / sq.feet. "Apartment" is the cheapest type of property with a $256 / sq.feet value followed by "Duplex" with an average price of $254 / sq.feet.