The prices in real estate in Rhinebeck, in the New York region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Rhinebeck has increased during the last 6 months. In February, the average price per sq.feet was $305. In the following month the price per sq.feet decreased to $285. In the following two months the price per sq.feet has increased 112 %, going from $295 to $330.5 per sq.feet. The price per sq.feet has increased 108 % 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 $312.75 to $338.5 during June, and July.
Based upon to the price in Rhinebeck (cities), these have remained the same in the last 6 months. The average price for February is $880,042. During March the price had a considerable reduction till $739,742. During the following two months (April, May) the price has had an average incrementation from $809,892 to $860,921. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $853,574 they are 62 % more affordable than the average price for Rhinebeck. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $665,018.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $228 / sq.feet, with an average $321 / sq.feet price in Rhinebeck. The properties with the lowest average prices have 1 bedroom. They are 15 % cheaper than the average followed by properties with 3 bedrooms with a price at $265 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $853,574 it is 54 % more expensive than the average price in Rhinebeck. "Commercial" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of $1,313,984 it is 141 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $418 / sq.feet followed by "Commercial" priced at $2,454 / sq.feet. "Commercial" is the most costly type of property with a $2,454 / sq.feet cost followed by "House" with an average price of $418 / sq.feet.