The prices in real estate in Ridge, 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 Ridge has increased strongly during the last 6 months. In April, the average price per sq.feet was $233. In the following month the price per sq.feet increased considerably to $855. The price for the following two months in (June, July) had a considerable increment of 118 %. The price per sq.feet has had a considerable deflation of 38 % 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 $592 to $222 during August, and September.
Based upon to the price in Ridge (cities), this has fallen considerably in the last 6 months. The price in April is $492,967, rising in May till $519,099. During the following two months (June, July) the average price had a considerable reduction of 83 % 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 $462,614 to $324,925, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $326,837 they are 22 % more affordable than the average price for Ridge. The properties with the highest average price have 3 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 4 bedrooms priced at $396,293.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $140 / sq.feet, with an average $223 / sq.feet price in Ridge. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $226 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $326,837 it is 8 % cheaper than the average price in Ridge. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $301,989 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $201 / sq.feet followed by "Condo" priced at $232 / sq.feet. "Condo" is the most costly type of property with a $232 / sq.feet cost followed by "House" with an average price of $201 / sq.feet.