The prices in real estate in Olean, 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 Olean has increased strongly during the last 6 months. In September, the average price per sq.feet was $64. In the following month the price per sq.feet increased considerably to $74. In the following two months the price per sq.feet has increased 112 %, going from $69 to $77.5 per sq.feet. The price per sq.feet has increased 113 % 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 $73.25 to $83 during January, and February.
Based upon to the price in Olean (cities), this has gone up in the last 6 months. The price in September is $104,391, rising in October till $119,153. In the following two months the average price has remained the same with regard to the previous two months from $111,772 to $113,651.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $112,711.75 and $118,120.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $113,089 they are 37 % more affordable than the average price for Olean. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $108,349.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $75 / sq.feet, with an average $82 / sq.feet price in Olean. The properties with the highest average prices have 1 bedroom. They are 90 % more expensive than the average followed by properties with 2 bedrooms with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $113,089 it is 38 % cheaper than the average price in Olean. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $70,506 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $77 / sq.feet followed by "Land" priced at $149 / sq.feet. "Land" is the most costly type of property with a $149 / sq.feet cost followed by "House" with an average price of $77 / sq.feet.