The prices in real estate in Ridgewood, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Ridgewood has fallen in the last 6 months. In September, the average price per sq.feet was $565. In October this price pretty much remained the same at a value of $575 per sq.feet. The price for the following two months in (November, December) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $552.25 to $493 during January, and February.
Based upon to the price in Ridgewood (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is $1,019,084. In October This price remains at $1,015,919. During the following two months (November, December) the price has had an average incrementation from $1,017,501.5 to $1,119,240.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,068,371 and $1,121,719 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,056,556 they are 44 % more affordable than the average price for Ridgewood. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,032,466.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $573 / sq.feet, with an average $504 / sq.feet price in Ridgewood. The properties with the highest average prices have 4 bedrooms. They are 776 % more expensive than the average followed by properties with 2 bedrooms with a price at $2,400 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,056,556 it is 5 % cheaper than the average price in Ridgewood. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $1,097,074 it is 51 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $1,233 / sq.feet followed by "Apartment" priced at $4,416 / sq.feet. "Land" is the most costly type of property with a $5,819 / sq.feet cost followed by "Apartment" with an average price of $4,416 / sq.feet.