The prices in real estate in Pearl River, 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 Pearl River has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $10,106. In the following month the price per sq.feet decreased considerably to $291. The price for the following two months in (November, December) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $2,862.5 to $283 during January, and February.
Based upon to the price in Pearl River (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $498,000. In October This price remains at $494,148. During the following two months (November, December) the price has had an average incrementation from $496,074 to $528,040. 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 $512,057 and $500,182 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $500,592 they are 56 % more affordable than the average price for Pearl River. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $552,310.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $259 / sq.feet, with an average $281 / sq.feet price in Pearl River. The properties with the highest average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 3 bedrooms with a price at $333 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $500,592 it is 54 % cheaper than the average price in Pearl River. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $392,180 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $227 / sq.feet followed by "Condo" priced at $272 / sq.feet. "House" is the most costly type of property with a $300 / sq.feet cost followed by "Condo" with an average price of $272 / sq.feet.