The prices in real estate in Merrick, 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 Merrick has fallen in the last 6 months. In September, the average price per sq.feet was $431. In October this price pretty much remained the same at a value of $439 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $435 to $413.5 per sq.feet. The price per sq.feet has decreased 91 % 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 $424.25 to $387.5 during January, and February.
Based upon to the price in Merrick (cities), this has gone up in the last 6 months. The price in September is $845,759, rising in October till $907,301. In the following two months the average price has remained the same with regard to the previous two months from $876,530 to $910,250. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $964,483 they are 54 % more affordable than the average price for Merrick. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $624,039.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $364 / sq.feet, with an average $360 / sq.feet price in Merrick. The properties with the highest average prices have 2 bedrooms. They are 11 % more expensive than the average followed by properties with 4 bedrooms with a price at $382 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $964,483 it is 14 % cheaper than the average price in Merrick. "Commercial" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $828,590 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $198 / sq.feet followed by "House" priced at $382 / sq.feet. "House" is the most costly type of property with a $382 / sq.feet cost followed by "Commercial" with an average price of $198 / sq.feet.