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 April, the average price per sq.feet was $1,552. In the following month the price per sq.feet increased to $1,689. In the following two months the price per sq.feet has barely changed, going from $1,620.5 to $1,563 per sq.feet. The price per sq.feet has decreased 93 % 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 $1,591.75 to $1,476 during August, and September.
Based upon to the price in New York (cities), this has gone downing the last 6 months. The average price during our first sample month during April, is $2,796,025. During May the price went through a considerable rise reaching $3,225,543. During the following two months (June, July) the average price fell 86 % 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 $2,797,360 to $2,328,322.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,316,494 they are 68 % more affordable than the average price for New York. The properties with the highest average price have 4 bedrooms, Their price is 131 % more costly than the average. After that we have properties with 3 bedrooms priced at $3,007,750.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $917 / sq.feet, with an average $1,443 / sq.feet price in New York. The properties with the highest average prices have 4 bedrooms. They are 30 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,535 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,316,494 it is 43 % cheaper than the average price in New York. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Commercial". At a price of $3,419,961 it is 251 % 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 $805 / sq.feet followed by "House" priced at $1,033 / sq.feet. "Duplex" is the most costly type of property with a $14,242 / sq.feet cost followed by "Condo" with an average price of $1,611 / sq.feet.