The prices in real estate in Niagara Falls, in the New York region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Niagara Falls has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $54. In the following month the price per sq.feet decreased considerably to $18. The price for the following two months in (June, July) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable increase of 194 % 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 $26.5 to $51.5 during August, and September.
Based upon to the price in Niagara Falls (cities), this has fallen considerably in the last 6 months. The average price for April is $70,630. During May the price had a considerable reduction till $41,900. During the following two months (June, July) the average price had a considerable reduction of 62 % 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 165 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $109,523 they are 28 % more affordable than the average price for Niagara Falls. The properties with the lowest average price have 3 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 4 bedrooms priced at $96,452.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $53 / sq.feet, with an average $57 / sq.feet price in Niagara Falls. The properties with the highest average prices have 1 bedroom. They are 193 % more expensive than the average followed by properties with 2 bedrooms with a price at $106 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $109,523 it is 3 % cheaper than the average price in Niagara Falls. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $143,683 it is 109 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $67 / sq.feet followed by "Condo" priced at $106 / sq.feet. "Townhouse" is the most costly type of property with a $152 / sq.feet cost followed by "Commercial" with an average price of $145 / sq.feet.