The prices in real estate in New Hyde Park, 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 New Hyde Park has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,267. In the following month the price per sq.feet decreased considerably to $475. The price for the following two months in (June, July) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 69 % 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 $667.75 to $458 during August, and September.
Based upon to the price in New Hyde Park (cities), this has gone downing the last 6 months. The average price for April is $960,611. During May the price had a slight fall till $897,950. During the following two months (June, July) the average price fell 94 % 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 $899,139.75 to $757,633.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $760,251 they are 34 % more affordable than the average price for New Hyde Park. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $831,606.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $448 / sq.feet, with an average $460 / sq.feet price in New Hyde Park. The properties with the highest average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 4 bedrooms with a price at $476 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $760,251 it is 57 % cheaper than the average price in New Hyde Park. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $621,183 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $354 / sq.feet followed by "Condo" priced at $447 / sq.feet. "House" is the most costly type of property with a $464 / sq.feet cost followed by "Condo" with an average price of $447 / sq.feet.