The prices in real estate in New Hyde Park, 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 New Hyde Park has increased strongly during the last 6 months. In January, the average price per sq.feet was $423. In February this price pretty much remained the same at a value of $423 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 297 %. The price per sq.feet has had a considerable deflation of 56 % 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 $839.25 to $471 during May, and June.
Based upon to the price in New Hyde Park (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $666,981. In February This price remains at $691,000. During the following two months (March, April) the average price had a considerable increase of 132 % 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 118 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 33 % cheaper than the average price of $648,526 in New Hyde Park. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 33 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 33 % cheaper than the average price of ($315 / sq.feet) in New Hyde Park. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 33 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $960,950 it is 35 % cheaper than the average price in New Hyde Park. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $648,526 it is 30 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $315 / sq.feet followed by "Condo" priced at $330 / sq.feet. "Office" is the cheapest type of property with a $357 / sq.feet value followed by "Condo" with an average price of $330 / sq.feet.