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 December, the average price per sq.feet was $1,555. In the following month the price per sq.feet increased to $1,659. In the following two months the price per sq.feet has barely changed, going from $1,607 to $1,540.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $1,573.75 to $1,640 during April y May
Based upon to the price in New York (cities), this has fallen considerably in the last 6 months. The average price for December is $3,065,126. During January the price had a slight fall till $2,663,924. During the following two months (February, March) the average price had a considerable reduction of 78 % 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 gone up 109 % 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 $2,644,944 they are 59 % more affordable than the average price for New York. The properties with the highest average price have 4 bedrooms, Their price is 140 % more costly than the average. After that we have properties with 3 bedrooms priced at $3,747,862.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,326 / sq.feet, with an average $1,594 / sq.feet price in New York. The properties with the highest average prices have 4 bedrooms. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,640 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,644,944 it is 59 % cheaper than the average price in New York. "Commercial" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $2,784,557 it is 203 % 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 $664 / sq.feet followed by "Apartment" priced at $908 / sq.feet. "Condo" is the most costly type of property with a $1,620 / sq.feet cost followed by "Townhouse" with an average price of $1,545 / sq.feet.