The prices in real estate in Ozone Park, 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 Ozone Park has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $4,306. In the following month the price per sq.feet decreased considerably to $3,533. The price for the following two months in (July, August) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 41 % 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 $2,784.5 to $1,152.5 during September, and October.
Based upon to the price in Ozone Park (cities), these have remained the same in the last 6 months. The price in May is $705,667, rising in June till $785,857. During the following two months (July, August) the average price had a considerable reduction of 82 % 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 123 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 61 % cheaper than the average price of $328,689 in Ozone Park. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 61 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 13 % more costly than the average price of ($1,284 / sq.feet) in Ozone Park. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 13 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $846,778 it is 61 % cheaper than the average price in Ozone Park. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Townhouse". At a price of $472,537 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $1,284 / sq.feet followed by "Townhouse" priced at $1,584 / sq.feet. "Office" is the most costly type of property with a $2,575 / sq.feet cost followed by "Townhouse" with an average price of $1,584 / sq.feet.