The prices in real estate in Jamaica, 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 Jamaica has remained the same in the last 6 months. In February, the average price per sq.feet was $460. In March this price pretty much remained the same at a value of $467 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $463.5 to $466.5 per sq.feet. The price per sq.feet has decreased 90 % 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 $465 to $420.5 during June, and July.
Based upon to the price in Jamaica (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $724,370. In March This price remains at $747,459. In the following two months the average price has remained the same with regard to the previous two months from $735,914.5 to $727,190. During the last two months the average price has had a strong fall compared to the previous four going from $731,552.25 to $613,375.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $609,139 they are 39 % more affordable than the average price for Jamaica. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $676,073.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $376 / sq.feet, with an average $416 / sq.feet price in Jamaica. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $425 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $609,139 it is 62 % 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 "Townhouse". At a price of $549,387 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $248 / sq.feet followed by "Office" priced at $297 / sq.feet. "Townhouse" is the most costly type of property with a $2,479 / sq.feet cost followed by "Condo" with an average price of $601 / sq.feet.