The prices in real estate in Piermont, 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 Piermont has increased strongly during the last 6 months. In February, the average price per sq.feet was $614. In the following month the price per sq.feet decreased considerably to $470. The price for the following two months in (April, May) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable increase of 2682 % 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 $384.75 to $10,319.5 during June, and July.
Based upon to the price in Piermont (cities), this has fallen considerably in the last 6 months. The price in February is $1,216,611, rising in March till $1,292,875. During the following two months (April, May) the average price had a considerable reduction of 66 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,038,913.25 to $729,541.5, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $712,333 they are 69 % more affordable than the average price for Piermont. The properties with the highest average price have 3 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 4 bedrooms priced at $766,088.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $236 / sq.feet, with an average $11,722 / sq.feet price in Piermont. The properties with the lowest average prices have 2 bedrooms. They are 95 % cheaper than the average followed by properties with 3 bedrooms with a price at $362 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $712,333 it is 15 % more expensive than the average price in Piermont. "Condo" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $885,751 it is 45 % 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 $329 / sq.feet followed by "Townhouse" priced at $378 / sq.feet. "Condo" is the cheapest type of property with a $429 / sq.feet value followed by "Townhouse" with an average price of $378 / sq.feet.