The prices in real estate in Old Westbury, 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 Westbury has increased strongly during the last 6 months. In October, the average price per sq.feet was $172,693. In the following month the price per sq.feet decreased considerably to $103,552. In the following two months the price per sq.feet has increased 109 %, going from $138,122.5 to $150,024 per sq.feet. The price per sq.feet has had a considerable increase of 309 % 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 $144,073.25 to $444,880.5 during February, and March.
Based upon to the price in Old Westbury (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $4,088,561. In November This price remains at $4,017,918. During the following two months (December, January) the average price had a considerable increase of 115 % 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 124 % during the last two months.