The prices in real estate in Middle Village, 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 Middle Village has increased strongly during the last 6 months. In April, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $521. The price for the following two months in (June, July) had a considerable increment of 210 %. The price per sq.feet has had a considerable increase of 136 % 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 $404 to $550 during August, and September.
Based upon to the price in Middle Village (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is . During May the price went through a considerable rise reaching $939,000. During the following two months (June, July) the average price had a considerable increase of 190 % 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 131 % 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 $899,215 they are 42 % more affordable than the average price for Middle Village. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,040,133.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $554 / sq.feet, with an average $554 / sq.feet price in Middle Village. The properties with the highest average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 1 bedroom with a price at $583 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $899,215 it is 35 % cheaper than the average price in Middle Village. "Detached House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $828,928 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $541 / sq.feet followed by "Duplex" priced at $552 / sq.feet. "House" is the most costly type of property with a $576 / sq.feet cost followed by "Condo" with an average price of $570 / sq.feet.