The prices in real estate in Jackson Heights, in the New York region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Jackson Heights has remained the same in the last 6 months. In February, the average price per sq.feet was $574. In the following month the price per sq.feet increased to $655. The price for the following two months in (April, May) decreased 89 % with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $581.25 to $537.5 during June, and July.
Based upon to the price in Jackson Heights (cities), this has fallen considerably in the last 6 months. The average price for February is $688,611. During March the price had a slight fall till $616,667. During the following two months (April, May) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $582,649.5 to $459,546, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $466,874 they are 15 % more affordable than the average price for Jackson Heights. The properties with the highest average price have 4 bedrooms, Their price is 207 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,159,989.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $512 / sq.feet, with an average $538 / sq.feet price in Jackson Heights. The properties with the highest average prices have 4 bedrooms. They are 19 % more expensive than the average followed by properties with 3 bedrooms with a price at $641 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $466,874 it is 33 % cheaper than the average price in Jackson Heights. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $588,000 it is 89 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $381 / sq.feet followed by "Office" priced at $388 / sq.feet. "Duplex" is the most costly type of property with a $1,088 / sq.feet cost followed by "Condo" with an average price of $688 / sq.feet.