The prices in real estate in Shelter Island, in the New York region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Shelter Island has remained the same in the last 6 months. In January, the average price per sq.feet was $737. In the following month the price per sq.feet decreased to $651. In the following two months the price per sq.feet has barely changed, going from $694 to $666 per sq.feet. The price per sq.feet has had a considerable increase of 132 % 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 $680 to $897.5 during May, and June.
Based upon to the price in Shelter Island (cities), this has fallen considerably in the last 6 months. The average price for January is $2,109,744. During February the price had a considerable reduction till $1,711,269. During the following two months (March, April) the average price fell 93 % 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 $1,846,709.5 and $1,820,963 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,799,566 they are 48 % more affordable than the average price for Shelter Island. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,225,816.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $554 / sq.feet, with an average $983 / sq.feet price in Shelter Island. The properties with the lowest average prices have 2 bedrooms. They are 25 % cheaper than the average followed by properties with 3 bedrooms with a price at $713 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $1,799,566 it is 19 % more expensive than the average price in Shelter Island. "Land" is seen as the second dearest property type. The dearest property type is "Land" followed by "House". At a price of $2,147,628 it is 82 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $747 / sq.feet followed by "Land" priced at $3,051 / sq.feet. "Land" is the most costly type of property with a $3,051 / sq.feet cost followed by "House" with an average price of $747 / sq.feet.