The prices in real estate in Jamaica, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Jamaica has fallen in the last 6 months. In December, the average price per sq.feet was $474. In January this price pretty much remained the same at a value of $458 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $466 to $447.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $456.75 to $445.5 during April y May
Based upon to the price in Jamaica (cities), this has gone up in the last 6 months. The price in December is $621,872, rising in January till $678,826. In the following two months the average price has remained the same with regard to the previous two months from $650,349 to $681,138. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $753,274 they are 66 % more affordable than the average price for Jamaica. 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 $660,717.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $346 / sq.feet, with an average $457 / sq.feet price in Jamaica. The properties with the highest average prices have 3 bedrooms. They are 3 % more expensive than the average followed by properties with 4 bedrooms with a price at $467 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $753,274 it is 50 % cheaper than the average price in Jamaica. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $544,710 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $287 / sq.feet followed by "Townhouse" priced at $314 / sq.feet. "Condo" is the most costly type of property with a $601 / sq.feet cost followed by "Detached House" with an average price of $507 / sq.feet.