The prices in real estate in Saratoga Springs, 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 Saratoga Springs has increased strongly during the last 6 months. In July, the average price per sq.feet was $160. In the following month the price per sq.feet increased considerably to $200. The price for the following two months in (September, October) had a considerable increment of 135 %. The price per sq.feet has had a considerable increase of 128 % 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 $211.75 to $270.5 during November, and December.
Based upon to the price in Saratoga Springs (cities), this has gone up considerably in the last 6 months. The price in July is $386,734, rising in August till $443,391. During the following two months (September, October) the price has had an average incrementation from $415,062.5 to $452,269.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 153 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $664,405 they are 42 % more affordable than the average price for Saratoga Springs. The properties with the lowest average price have 1 bedroom, Their price is 40 % cheaper than the average. After that we have properties with 4 bedrooms priced at $383,810.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $130 / sq.feet, with an average $274 / sq.feet price in Saratoga Springs. The properties with the lowest average prices have 4 bedrooms. They are 44 % cheaper than the average followed by properties with 1 bedroom with a price at $130 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $664,405 it is 43 % cheaper than the average price in Saratoga Springs. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $454,130 it is 254 % 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 $113 / sq.feet followed by "Land" priced at $133 / sq.feet. "Commercial" is the cheapest type of property with a $230 / sq.feet value followed by "Townhouse" with an average price of $202 / sq.feet.