The prices in real estate in Riverhead, 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 Riverhead has increased during the last 6 months. In October, the average price per sq.feet was $256. In the following month the price per sq.feet increased to $273. In the following two months the price per sq.feet has increased 111 %, going from $264.5 to $294.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $279.5 to $268.5 during February y March
Based upon to the price in Riverhead (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $453,638. During November the price went through a considerable rise reaching $531,359. During the following two months (December, January) the price has had an average incrementation from $492,498.5 to $535,930. 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 $514,214.25 and $503,206.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $452,507 they are 56 % more affordable than the average price for Riverhead. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 3 bedrooms priced at $543,042.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $260 / sq.feet price in Riverhead. The properties with the highest average prices have 3 bedrooms. They are 23 % more expensive than the average followed by properties with 4 bedrooms with a price at $266 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $452,507 it is 68 % cheaper than the average price in Riverhead. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $458,686 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $78 / sq.feet followed by "Condo" priced at $286 / sq.feet. "House" is the most costly type of property with a $313 / sq.feet cost followed by "Condo" with an average price of $286 / sq.feet.