The prices in real estate in Southampton, 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.
The price per sq.feet in Southampton has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $381. In the following month the price per sq.feet decreased considerably to $312. The price for the following two months in (January, February) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $312.25 to $327.5 during March y April
Based upon to the price in Southampton (cities), this has gone downing the last 6 months. The average price for November is $1,026,296. During December the price had a considerable reduction till $772,022. During the following two months (January, February) the price has had an average incrementation from $899,159 to $965,009. 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 $932,084 and $943,793.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,229,043 they are 51 % more affordable than the average price for Southampton. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 1 bedroom priced at $746,754.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $334 / sq.feet, with an average $437 / sq.feet price in Southampton. The properties with the highest average prices have 1 bedroom. They are 210 % more expensive than the average followed by properties with 2 bedrooms with a price at $686 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,229,043 it is 95 % cheaper than the average price in Southampton. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of $2,065,402 it is 760 % 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 $21 / sq.feet followed by "House" priced at $460 / sq.feet. "Detached House" is the most costly type of property with a $4,209,221 / sq.feet cost followed by "Apartment" with an average price of $810 / sq.feet.