The prices in real estate in Putnam Valley, 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 Putnam Valley has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $558. In the following month the price per sq.feet decreased to $506. The price for the following two months in (July, August) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 61 % 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 $380.25 to $233 during September, and October.
Based upon to the price in Putnam Valley (cities), these have remained the same in the last 6 months. The average price for May is $468,178. During June the price had a slight fall till $411,522. During the following two months (July, August) the average price fell 90 % 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 123 % 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 $542,142 they are 57 % more affordable than the average price for Putnam Valley. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $412,423.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $237 / sq.feet price in Putnam Valley. The properties with the highest average prices have 2 bedrooms. They are 987 % more expensive than the average followed by properties with 1 bedroom with a price at $268 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $542,142 it is 18 % cheaper than the average price in Putnam Valley. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $460,963 it is 27 % 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 $122 / sq.feet followed by "House" priced at $502 / sq.feet. "Farm" is the most costly type of property with a $1,240 / sq.feet cost followed by "House" with an average price of $502 / sq.feet.