The prices in real estate in Mechanicville, 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 Mechanicville has increased strongly during the last 6 months. In January, the average price per sq.feet was $141. In the following month the price per sq.feet increased considerably to $163. In the following two months the price per sq.feet has increased 107 %, going from $152 to $162 per sq.feet. The price per sq.feet has had a considerable increase of 118 % 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 $157 to $184.5 during May, and June.
Based upon to the price in Mechanicville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $285,808. During February the price went through a considerable rise reaching $359,321. During the following two months (March, April) the price has had an average incrementation from $322,564.5 to $351,948. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % 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 $434,051 they are 21 % more affordable than the average price for Mechanicville. The properties with the lowest average price have 1 bedroom, Their price is 14 % cheaper than the average. After that we have properties with 2 bedrooms priced at $344,625.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $128 / sq.feet, with an average $190 / sq.feet price in Mechanicville. The properties with the lowest average prices have 1 bedroom. They are 22 % cheaper than the average followed by properties with 2 bedrooms with a price at $133 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $434,051 it is 21 % 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 $342,903 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $128 / sq.feet followed by "Commercial" priced at $141 / sq.feet. "Commercial" is the cheapest type of property with a $141 / sq.feet value followed by "Apartment" with an average price of $128 / sq.feet.