Property prices for sale in Lake Grove (New York)
The prices in real estate in Lake Grove, 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 Lake Grove has fallen in the last 6 months. In October, the average price per sq.feet was $331. In November this price pretty much remained the same at a value of $337 per sq.feet. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $323 to $304.5 during February, and March.
Based upon to the price in Lake Grove (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $701,296. In November This price remains at $712,387. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $809,375 they are 51 % more affordable than the average price for Lake Grove. The properties with the lowest average price have 1 bedroom, Their price is 50 % cheaper than the average. After that we have properties with 2 bedrooms priced at $401,754.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $568 / sq.feet, with an average $294 / sq.feet price in Lake Grove. The properties with the highest average prices have 1 bedroom. They are 100 % more expensive than the average followed by properties with 2 bedrooms with a price at $583 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $809,375 it is 51 % 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 $395,763 it is 43 % 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 $147 / sq.feet followed by "Apartment" priced at $568 / sq.feet. "Apartment" is the most costly type of property with a $568 / sq.feet cost followed by "Duplex" with an average price of $147 / sq.feet.
