The prices in real estate in Putnam Valley, 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 Putnam Valley has increased strongly during the last 6 months. In February, the average price per sq.feet was $199. In the following month the price per sq.feet decreased considerably to $154. The price for the following two months in (April, May) had a considerable increment of 239 %. The price per sq.feet has had a considerable increase of 123 % 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 $298.75 to $366 during June, and July.
Based upon to the price in Putnam Valley (cities), this has gone downing the last 6 months. The average price for February is $494,300. During March the price had a considerable reduction till $407,242. In the following two months the average price has remained the same with regard to the previous two months from $450,771 to $449,235. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $450,003 to $407,465 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $403,408 they are 38 % more affordable than the average price for Putnam Valley. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at $538,747.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $202 / sq.feet, with an average $226 / sq.feet price in Putnam Valley. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $232 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most costly one. At an cost of $403,408 it is 11 % more expensive than the average price in Putnam Valley. "House" is seen as the second dearest property type. The dearest property type is "Farm" followed by "House". At a price of $462,350 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $125 / sq.feet followed by "House" priced at $505 / sq.feet. "Farm" is the most costly type of property with a $1,246 / sq.feet cost followed by "House" with an average price of $505 / sq.feet.