The prices in real estate in Riverhead, 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 Riverhead has fallen in the last 6 months. In February, the average price per sq.feet was $274. In the following month the price per sq.feet decreased considerably to $212. In the following two months the price per sq.feet has increased 109 %, going from $243 to $264.5 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 $253.75 to $254 during June y July
Based upon to the price in Riverhead (cities), this has gone downing the last 6 months. The average price for February is $480,001. During March the price had a considerable reduction till $357,961. In the following two months the average price has remained the same with regard to the previous two months from $418,981 to $413,748. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $434,612 they are 45 % more affordable than the average price for Riverhead. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $561,490.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $208 / sq.feet, with an average $235 / sq.feet price in Riverhead. The properties with the highest average prices have 3 bedrooms. They are 11 % more expensive than the average followed by properties with 4 bedrooms with a price at $240 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $434,612 it is 66 % 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 $354,568 it is 38 % 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 $86 / sq.feet followed by "Condo" priced at $181 / sq.feet. "House" is the most costly type of property with a $239 / sq.feet cost followed by "Condo" with an average price of $181 / sq.feet.