The prices in real estate in Port Chester, 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 Port Chester has increased strongly during the last 6 months. In February, the average price per sq.feet was $250. In the following month the price per sq.feet increased considerably to $337. The price for the following two months in (April, May) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 118 % 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 $272.25 to $320.5 during June, and July.
Based upon to the price in Port Chester (cities), these have remained the same in the last 6 months. The price in February is $450,200, rising in March till $500,227. During the following two months (April, May) the average price had a considerable reduction of 74 % 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 gone up 113 % 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 $485,726 they are 35 % more affordable than the average price for Port Chester. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $558,375.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $285 / sq.feet, with an average $334 / sq.feet price in Port Chester. The properties with the highest average prices have 4 bedrooms. They are 2161 % more expensive than the average followed by properties with 3 bedrooms with a price at $5,739 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $485,726 it is 75 % cheaper than the average price in Port Chester. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $395,250 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $111 / sq.feet followed by "Apartment" priced at $205 / sq.feet. "House" is the most costly type of property with a $471 / sq.feet cost followed by "Condo" with an average price of $367 / sq.feet.