The prices in real estate in Pine Plains, 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 Pine Plains has increased strongly during the last 6 months. In November, the average price per sq.feet was $411. In the following month the price per sq.feet decreased considerably to $326. The price for the following two months in (January, February) had a considerable increment of 555 %. The price per sq.feet has had a considerable increase of 181 % 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 $1,207 to $2,179.5 during March, and April.
Based upon to the price in Pine Plains (cities), this has gone up considerably in the last 6 months. The average price for November is $990,059. During December the price had a considerable reduction till $675,528. During the following two months (January, February) the average price had a considerable increase of 254 % 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 164 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,475,060 they are 71 % more affordable than the average price for Pine Plains. The properties with the highest average price have 4 bedrooms, Their price is 338 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,362,167.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $369 / sq.feet, with an average $775 / sq.feet price in Pine Plains. The properties with the highest average prices have 4 bedrooms. They are 95 % more expensive than the average followed by properties with 1 bedroom with a price at $1,007 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $2,475,060 it is 64 % cheaper than the average price in Pine Plains. "Land" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $1,524,153 it is 75 % 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 $354 / sq.feet followed by "Detached House" priced at $822 / sq.feet. "Land" is the most costly type of property with a $27,151 / sq.feet cost followed by "Detached House" with an average price of $822 / sq.feet.