The prices in real estate in New York, in the New York region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in New York has remained the same in the last 6 months. In November, the average price per sq.feet was $1,658. In the following month the price per sq.feet increased to $1,760. In the following two months the price per sq.feet has barely changed, going from $1,709 to $1,730 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 $1,719.5 to $1,568 during March, and April.
Based upon to the price in New York (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $3,368,475. In December This price remains at $3,404,713. In the following two months the average price has remained the same with regard to the previous two months from $3,386,594 to $3,334,504. During the last two months the average price has had a strong fall compared to the previous four going from $3,360,549 to $2,707,643.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,796,025 they are 55 % more affordable than the average price for New York. The properties with the highest average price have 4 bedrooms, Their price is 211 % more costly than the average. After that we have properties with 2 bedrooms priced at $2,941,964.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $1,959 / sq.feet, with an average $1,552 / sq.feet price in New York. The properties with the highest average prices have 4 bedrooms. They are 60 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,342 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,796,025 it is 23 % cheaper than the average price in New York. "Duplex" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Commercial". At a price of $5,102,909 it is 282 % 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 $788 / sq.feet followed by "House" priced at $1,006 / sq.feet. "Duplex" is the most costly type of property with a $14,242 / sq.feet cost followed by "Townhouse" with an average price of $1,770 / sq.feet.