Property prices for sale in Melville (New York)
The prices in real estate in Melville, 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 Melville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $100,066. In the following month the price per sq.feet decreased considerably to $598. The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 227 % 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 $47,843.25 to $108,474.5 during February, and March.
Based upon to the price in Melville (cities), this has fallen considerably in the last 6 months. The average price for October is $1,523,336. During November the price had a slight fall till $1,396,897. During the following two months (December, January) the average price had a considerable reduction of 76 % 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 $1,281,545.75 and $1,298,391.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,342,541 they are 62 % more affordable than the average price for Melville. The properties with the lowest average price have 1 bedroom, Their price is 35 % cheaper than the average. After that we have properties with 4 bedrooms priced at $845,171.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $374 / sq.feet, with an average $151,908 / sq.feet price in Melville. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 4 bedrooms with a price at $449 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,342,541 it is 64 % cheaper than the average price in Melville. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Townhouse". At a price of $828,417 it is 38 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $271 / sq.feet followed by "Apartment" priced at $380 / sq.feet. "Condo" is the cheapest type of property with a $434 / sq.feet value followed by "Townhouse" with an average price of $429 / sq.feet.
