The prices in real estate in Malta, 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 Malta has increased strongly during the last 6 months. In October, the average price per sq.feet was $282. In the following month the price per sq.feet increased considerably to $345. In the following two months the price per sq.feet has barely changed, going from $313.5 to $303.5 per sq.feet. The price per sq.feet has had a considerable increase of 124 % 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 $308.5 to $382 during February, and March.
Based upon to the price in Malta (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $595,135. During November the price went through a considerable rise reaching $781,443. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $642,794.25 and $673,515.5 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 68 % cheaper than the average price of $261,708 in Malta. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 67 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 65 % cheaper than the average price of ($168 / sq.feet) in Malta. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 24 % cheaper than the average value aforementioned.