The prices in real estate in Pine Plains, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Pine Plains has fallen in the last 6 months. In December, the average price per sq.feet was $231. In the following month the price per sq.feet decreased considerably to $186. In the following two months the price per sq.feet has barely changed, going from $208.5 to $207 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 $207.75 to $234.5 during April, and May.
Based upon to the price in Pine Plains (cities), this has gone downing the last 6 months. The average price for December is $600,456. During January the price had a considerable reduction till $447,253. During the following two months (February, March) the average price fell 95 % 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 134 % 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 $648,347 they are 65 % more affordable than the average price for Pine Plains. The properties with the highest average price have 3 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 1 bedroom priced at $646,667.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $103 / sq.feet, with an average $253 / sq.feet price in Pine Plains. The properties with the highest average prices have 3 bedrooms. They are 100 % more expensive than the average followed by properties with 1 bedroom with a price at $376 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $648,347 it is 66 % cheaper than the average price in Pine Plains. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $223,104 it is 51 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $92 / sq.feet followed by "House" priced at $161 / sq.feet. "House" is the cheapest type of property with a $161 / sq.feet value followed by "Farm" with an average price of $92 / sq.feet.