The prices in real estate in Plattsburgh, 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 Plattsburgh has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $161. In the following month the price per sq.feet decreased considerably to $119. The price for the following two months in (August, September) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $130.5 to $107.5 during October, and November.
Based upon to the price in Plattsburgh (cities), this has fallen considerably in the last 6 months. The average price for June is $556,710. During July the price had a considerable reduction till $323,294. During the following two months (August, September) the average price had a considerable reduction of 67 % 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 $367,911.25 to $260,551.5, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $263,955 they are 34 % more affordable than the average price for Plattsburgh. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 1 bedroom priced at $242,057.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $112 / sq.feet, with an average $107 / sq.feet price in Plattsburgh. The properties with the highest average prices have 1 bedroom. They are 104 % more expensive than the average followed by properties with 2 bedrooms with a price at $156 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $263,955 it is 31 % cheaper than the average price in Plattsburgh. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $199,649 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $128 / sq.feet followed by "Office" priced at $141 / sq.feet. "Commercial" is the most costly type of property with a $525 / sq.feet cost followed by "Land" with an average price of $520 / sq.feet.