The prices in real estate in Port Jervis, 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 Jervis has increased strongly during the last 6 months. In February, the average price per sq.feet was $145. In the following month the price per sq.feet decreased considerably to $78. The price for the following two months in (April, May) had a considerable increment of 238 %. The price per sq.feet has had a considerable deflation of 62 % 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 $188.25 to $117.5 during June, and July.
Based upon to the price in Port Jervis (cities), this has fallen considerably in the last 6 months. The average price for February is $288,133. During March the price had a considerable reduction till $240,950. During the following two months (April, May) the average price had a considerable reduction of 84 % 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 $243,129.75 to $155,812, which means a 64 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $148,583 they are 68 % more expensive than the average price for Port Jervis. Following this ranking we find those properties with 1 at an average price of $250,715. The properties with the highest average price have 1 bedroom, Their price is 69 % more costly than the average. After that we have properties with 2 bedrooms priced at $249,462.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $77 / sq.feet, with an average $115 / sq.feet price in Port Jervis. The properties with the lowest average prices have 1 bedroom. They are 29 % cheaper than the average followed by properties with 2 bedrooms with a price at $77 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $148,583 it is 21 % cheaper than the average price in Port Jervis. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $183,727 it is 68 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $56 / sq.feet followed by "House" priced at $77 / sq.feet. "Condo" is the cheapest type of property with a $94 / sq.feet value followed by "Duplex" with an average price of $89 / sq.feet.