The prices in real estate in Lake Grove, 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 Lake Grove has increased strongly during the last 6 months. In August, the average price per sq.feet was $158. In the following month the price per sq.feet increased considerably to $190. The price for the following two months in (October, November) had a considerable increment of 127 %. The price per sq.feet has had a considerable increase of 122 % 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 $197.5 to $240.5 during December, and January.
Based upon to the price in Lake Grove (cities), this has gone up in the last 6 months. In our first sample month during August, the average price is $586,712. In September This price remains at $586,776. During the following two months (October, November) the price has had an average incrementation from $586,744 to $656,863.5. 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 3 bedrooms are the cheapest ones. At a price of $650,757 they are 37 % more affordable than the average price for Lake Grove. The properties with the lowest average price have 1 bedroom, Their price is 37 % cheaper than the average. After that we have properties with 3 bedrooms priced at $411,118.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $606 / sq.feet, with an average $242 / sq.feet price in Lake Grove. The properties with the highest average prices have 1 bedroom. They are 152 % more expensive than the average followed by properties with 3 bedrooms with a price at $606 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $650,757 it is 37 % cheaper than the average price in Lake Grove. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Apartment". At a price of $411,118 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $185 / sq.feet followed by "Apartment" priced at $606 / sq.feet. "Apartment" is the most costly type of property with a $606 / sq.feet cost followed by "Duplex" with an average price of $185 / sq.feet.