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 strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$1,498,236.5
Average price last 6 months
$33,702.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Shelter Island has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $89,459. In the following month the price per sq.feet decreased considerably to $65,651. The price for the following two months in (May, June) had a considerable decrease of 30 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $50,338.75 to $430 during July, and August.

Average price

Based upon to the price in Shelter Island (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during March, is $1,790,714. During April the price went through a considerable rise reaching $2,107,344. During the following two months (May, June) the average price had a considerable reduction of 72 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,678,799.25 to $1,137,111, which means a 68 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,109,184 they are 61 % more affordable than the average price for Shelter Island. The properties with the highest average price have 4 bedrooms, Their price is 92 % more costly than the average. After that we have properties with 3 bedrooms priced at $966,738.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $496 / sq.feet, with an average $438 / sq.feet price in Shelter Island. The properties with the highest average prices have 4 bedrooms. They are 268 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,360 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $1,109,184 it is 52 % 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 $1,688,853 it is 192 % more expensive than the average price.

According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $707 / sq.feet followed by "Land" priced at $2,996 / sq.feet. "Land" is the most costly type of property with a $2,996 / sq.feet cost followed by "House" with an average price of $707 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Shelter Island
Number of properties used in region New York
$1,109,184
$438
524
495,448
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value