Property prices for sale in Ithaca (New York)
The prices in real estate in Ithaca, 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 Ithaca has increased strongly during the last 6 months. In October, the average price per sq.feet was $212. In November this price pretty much remained the same at a value of $204 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 1407 %. The price per sq.feet has increased 111 % 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 $1,567.25 to $1,741 during February, and March.
Based upon to the price in Ithaca (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $424,573. In November This price remains at $427,514. In the following two months the average price has remained the same with regard to the previous two months from $426,043.5 to $438,165. 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 $432,104.25 and $441,731.5 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 $417,898 they are 47 % more affordable than the average price for Ithaca. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $373,590.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $166 / sq.feet, with an average $3,073 / sq.feet price in Ithaca. The properties with the lowest average prices have 4 bedrooms. They are 32 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,387 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $417,898 it is 40 % cheaper than the average price in Ithaca. "Detached House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $445,473 it is 452 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $127 / sq.feet followed by "Commercial" priced at $155 / sq.feet. "House" is the cheapest type of property with a $2,760 / sq.feet value followed by "Condo" with an average price of $703 / sq.feet.
