The prices in real estate in Hollis, 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 Hollis has increased strongly during the last 6 months. In January, the average price per sq.feet was $372. In the following month the price per sq.feet increased to $410. In the following two months the price per sq.feet has increased 113 %, going from $391 to $442 per sq.feet. The price per sq.feet has had a considerable increase of 127 % 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 $416.5 to $530 during May, and June.
Based upon to the price in Hollis (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $584,111. During February the price went through a considerable rise reaching $675,321. During the following two months (March, April) the average price had a considerable increase of 138 % 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 134 % during the last two months.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,112,566 it is 63 % cheaper than the average price in Hollis. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $409,342 it is 58 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $206 / sq.feet followed by "Apartment" priced at $223 / sq.feet. "Apartment" is the cheapest type of property with a $223 / sq.feet value followed by "House" with an average price of $206 / sq.feet.