Property prices for sale in Shelter Island (New York)
The prices in real estate in Shelter Island, 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 Shelter Island has increased during the last 6 months. In November, the average price per sq.feet was $1,050. In the following month the price per sq.feet decreased to $947. The price for the following two months in (January, February) had a considerable increment of 130 %. The price per sq.feet has increased 108 % 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 $1,147.5 to $1,238.5 during March, and April.
Based upon to the price in Shelter Island (cities), this has gone up considerably in the last 6 months. The average price for November is $2,188,606. During December the price had a slight fall till $1,939,226. During the following two months (January, February) the average price had a considerable increase of 139 % with regard to the previous two months. 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 $2,469,342.5 and $2,476,365 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,501,849 they are 69 % more affordable than the average price for Shelter Island. The properties with the lowest average price have 4 bedrooms, Their price is 45 % cheaper than the average. After that we have properties with 3 bedrooms priced at $803,863.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $285 / sq.feet, with an average $1,131 / sq.feet price in Shelter Island. The properties with the lowest average prices have 1 bedroom. They are 6 % cheaper than the average followed by properties with 2 bedrooms with a price at $539 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $2,501,849 it is 65 % cheaper than the average price in Shelter Island. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $877,013 it is 57 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $447 / sq.feet followed by "Land" priced at $619,015 / sq.feet. "Land" is the most costly type of property with a $619,015 / sq.feet cost followed by "House" with an average price of $447 / sq.feet.
