The prices in real estate in Katonah, 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 Katonah has increased strongly during the last 6 months. In March, the average price per sq.feet was $437. In April this price pretty much remained the same at a value of $425 per sq.feet. The price for the following two months in (May, June) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1894 % 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 $413.5 to $7,831.5 during July, and August.
Based upon to the price in Katonah (cities), these have remained the same in the last 6 months. The average price for March is $1,549,146. During April the price had a slight fall till $1,460,719. In the following two months the average price has remained the same with regard to the previous two months from $1,504,932.5 to $1,548,275. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $1,588,724 they are 69 % more affordable than the average price for Katonah. The properties with the highest average price have 2 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,857,730.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $363 / sq.feet, with an average $15,176 / sq.feet price in Katonah. The properties with the lowest average prices have 2 bedrooms. They are 58 % cheaper than the average followed by properties with 3 bedrooms with a price at $6,267 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,588,724 it is 44 % cheaper than the average price in Katonah. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $1,529,322 it is 16 % 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 $153 / sq.feet followed by "Office" priced at $2,997 / sq.feet. "House" is the cheapest type of property with a $6,232 / sq.feet value followed by "Office" with an average price of $2,997 / sq.feet.