Property prices for sale in Red Hook (New York)
The prices in real estate in Red Hook, 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 Red Hook has increased strongly during the last 6 months. In October, the average price per sq.feet was $521. In the following month the price per sq.feet decreased considerably to $338. In the following two months the price per sq.feet has barely changed, going from $429.5 to $418 per sq.feet. The price per sq.feet has had a considerable increase of 325 % 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 $423.75 to $1,377.5 during February, and March.
Based upon to the price in Red Hook (cities), these have remained the same in the last 6 months. The average price for October is $861,713. During November the price had a slight fall till $787,073. During the following two months (December, January) the price has had an average incrementation from $824,393 to $867,962. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $1,010,497 they are 67 % more affordable than the average price for Red Hook. The properties with the lowest average price have 4 bedrooms, Their price is 23 % cheaper than the average. After that we have properties with 3 bedrooms priced at $701,933.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $283 / sq.feet, with an average $1,627 / sq.feet price in Red Hook. The properties with the lowest average prices have 1 bedroom. They are 73 % cheaper than the average followed by properties with 3 bedrooms with a price at $359 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,010,497 it is 24 % cheaper than the average price in Red Hook. "House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $775,591 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $328 / sq.feet followed by "Detached House" priced at $348 / sq.feet. "Land" is the most costly type of property with a $56,166 / sq.feet cost followed by "Detached House" with an average price of $348 / sq.feet.
