The prices in real estate in Old Chatham, in the New York region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Old Chatham has increased strongly during the last 6 months. In November, the average price per sq.feet was $380. In the following month the price per sq.feet decreased to $331. The price for the following two months in (January, February) had a considerable increment of 250 %. The price per sq.feet has had a considerable increase of 757 % 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 $621.5 to $4,702.5 during March, and April.
Based upon to the price in Old Chatham (cities), this has gone downing the last 6 months. The average price for November is $1,239,938. During December the price had a considerable reduction till $1,034,500. During the following two months (January, February) the price has had an average incrementation from $1,137,219 to $1,290,618. During the last two months the average price has had a strong fall compared to the previous four going from $1,213,918.5 to $856,394, which means a 71 % fall.