Property prices for sale in Riverhead (New York)
The prices in real estate in Riverhead, 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 Riverhead has increased strongly during the last 6 months. In October, the average price per sq.feet was $464. In the following month the price per sq.feet decreased to $421. The price for the following two months in (December, January) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1575 % 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 $409.5 to $6,449.5 during February, and March.
Based upon to the price in Riverhead (cities), this has fallen considerably in the last 6 months. The average price for October is $810,799. During November the price had a considerable reduction till $677,792. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $703,871.25 to $637,231 in 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 $692,348 they are 51 % more affordable than the average price for Riverhead. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $728,424.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $246 / sq.feet, with an average $12,549 / sq.feet price in Riverhead. The properties with the lowest average prices have 3 bedrooms. They are 97 % cheaper than the average followed by properties with 4 bedrooms with a price at $378 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $692,348 it is 26 % cheaper than the average price in Riverhead. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Detached House". At a price of $1,015,632 it is 350 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $358 / sq.feet followed by "House" priced at $385 / sq.feet. "Land" is the most costly type of property with a $375,898 / sq.feet cost followed by "Detached House" with an average price of $389 / sq.feet.
