The prices in real estate in Mechanicville, in the New York region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Mechanicville has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $151. In the following month the price per sq.feet decreased considerably to $98. The price for the following two months in (March, April) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has increased 110 % 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 $112.5 to $123.5 during May, and June.
Based upon to the price in Mechanicville (cities), this has gone up considerably in the last 6 months. The price in January is $332,765, rising in February till $365,567. During the following two months (March, April) the average price had a considerable increase of 118 % 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 risen strongly 117 % 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 $395,757 they are 12 % more affordable than the average price for Mechanicville. The properties with the lowest average price have 1 bedroom, Their price is 5 % cheaper than the average. After that we have properties with 2 bedrooms priced at $348,794.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $140 / sq.feet, with an average $100 / sq.feet price in Mechanicville. The properties with the highest average prices have 1 bedroom. They are 60 % more expensive than the average followed by properties with 2 bedrooms with a price at $145 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $395,757 it is 12 % cheaper than the average price in Mechanicville. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Apartment". At a price of $347,051 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $140 / sq.feet followed by "Commercial" priced at $153 / sq.feet. "Commercial" is the most costly type of property with a $153 / sq.feet cost followed by "Apartment" with an average price of $140 / sq.feet.