Property prices for sale in Jackson Heights (New York)
The prices in real estate in Jackson Heights, in the New York region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Jackson Heights has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $813. In the following month the price per sq.feet decreased to $752. The price for the following two months in (December, January) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $731.25 to $607 during February, and March.
Based upon to the price in Jackson Heights (cities), this has gone up considerably in the last 6 months. The price in October is $679,646, rising in November till $777,946. In the following two months the average price has remained the same with regard to the previous two months from $728,796 to $702,822. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % 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 $1,079,064 they are 66 % more affordable than the average price for Jackson Heights. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,007,222.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $604 / sq.feet, with an average $663 / sq.feet price in Jackson Heights. The properties with the highest average prices have 3 bedrooms. They are 15 % more expensive than the average followed by properties with 4 bedrooms with a price at $752 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,079,064 it is 71 % cheaper than the average price in Jackson Heights. "Apartment" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Townhouse". At a price of $1,592,612 it is 157 % 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 $263 / sq.feet followed by "Office" priced at $344 / sq.feet. "Apartment" is the most costly type of property with a $3,137 / sq.feet cost followed by "Townhouse" with an average price of $853 / sq.feet.
