The prices in real estate in Plattsburgh, 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 Plattsburgh has increased strongly during the last 6 months. In September, the average price per sq.feet was $167. In the following month the price per sq.feet increased considerably to $280. The price for the following two months in (November, December) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable increase of 306 % 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 $182.5 to $559 during January, and February.
Based upon to the price in Plattsburgh (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $214,455. In October This price remains at $221,500. During the following two months (November, December) the average price had a considerable increase of 120 % 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 165 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $415,501 they are 57 % more affordable than the average price for Plattsburgh. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $374,452.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $203 / sq.feet, with an average $783 / sq.feet price in Plattsburgh. The properties with the lowest average prices have 4 bedrooms. They are 70 % cheaper than the average followed by properties with 1 bedroom with a price at $228 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $415,501 it is 75 % cheaper than the average price in Plattsburgh. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $174,598 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $102 / sq.feet followed by "Condo" priced at $104 / sq.feet. "Land" is the most costly type of property with a $43,526 / sq.feet cost followed by "House" with an average price of $190 / sq.feet.