The prices in real estate in Nassau, 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 Nassau has fallen in the last 6 months. In September, the average price per sq.feet was $157. In the following month the price per sq.feet increased to $173. The price for the following two months in (November, December) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $149 to $121.5 during January, and February.
Based upon to the price in Nassau (cities), this has fallen considerably in the last 6 months. The price in September is $327,443, rising in October till $344,319. During the following two months (November, December) the average price had a considerable reduction of 64 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $274,834.5 to $196,282, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $179,944 they are 25 % more expensive than the average price for Nassau. Following this ranking we find those properties with 3 at an average price of $617,917. The properties with the highest average price have 2 bedrooms, Their price is 299 % more costly than the average. After that we have properties with 4 bedrooms priced at $705,186.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $245 / sq.feet, with an average $105 / sq.feet price in Nassau. The properties with the highest average prices have 2 bedrooms. They are 263 % more expensive than the average followed by properties with 3 bedrooms with a price at $315 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of $179,944 it is 34 % more expensive than the average price in Nassau. "Duplex" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $624,754 it is 289 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $193 / sq.feet followed by "Apartment" priced at $291 / sq.feet. "Duplex" is the most costly type of property with a $1,742 / sq.feet cost followed by "House" with an average price of $322 / sq.feet.