Property prices for sale in Niagara Falls (New York)
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 October, the average price per sq.feet was $114. In the following month the price per sq.feet decreased to $101. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has decreased 85 % 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 $102.5 to $87.5 during February, and March.
Based upon to the price in Niagara Falls (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $171,989. In November This price remains at $177,142. During the following two months (December, January) the average price fell 90 % 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 $165,860 to $131,857.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $139,018 they are 23 % more affordable than the average price for Niagara Falls. The properties with the highest average price have 3 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 4 bedrooms priced at $123,866.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $92 / sq.feet price in Niagara Falls. The properties with the highest average prices have 1 bedroom. They are 132 % more expensive than the average followed by properties with 3 bedrooms with a price at $115 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $139,018 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 "Apartment". At a price of $491,961 it is 341 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $53 / sq.feet followed by "Commercial" priced at $54 / sq.feet. "Condo" is the most costly type of property with a $40,210 / sq.feet cost followed by "House" with an average price of $93 / sq.feet.
