The prices in real estate in New York, in the New York region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in New York has increased during the last 6 months. In November, the average price per sq.feet was $1,603. In the following month the price per sq.feet increased to $1,720. In the following two months the price per sq.feet has barely changed, going from $1,661.5 to $1,693.5 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 $1,677.5 to $1,732 during March y April
Based upon to the price in New York (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $2,723,154. During December the price went through a considerable rise reaching $3,134,794. During the following two months (January, February) the price has had an average incrementation from $2,928,974 to $3,222,904.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $3,075,939.25 to $2,681,085 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,524,345 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 147 % more costly than the average. After that we have properties with 3 bedrooms priced at $4,095,477.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,307 / sq.feet, with an average $1,721 / sq.feet price in New York. The properties with the highest average prices have 4 bedrooms. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,837 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,524,345 it is 44 % 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 "Duplex". At a price of $3,945,000 it is 240 % 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 $554 / sq.feet followed by "House" priced at $866 / sq.feet. "Townhouse" is the most costly type of property with a $7,989 / sq.feet cost followed by "Condo" with an average price of $1,725 / sq.feet.