The prices in real estate in Southold, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Southold has fallen in the last 6 months. In April, the average price per sq.feet was $930. In the following month the price per sq.feet decreased to $882. The price for the following two months in (June, July) had a considerable increment of 150 %. The price per sq.feet has had a considerable deflation of 36 % 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 $1,130.25 to $407 during August, and September.
Based upon to the price in Southold (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $990,239. During May the price went through a considerable rise reaching $1,143,406. During the following two months (June, July) the average price had a considerable increase of 126 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $1,207,771.75 to $1,089,071.5 in August and September.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 38 % cheaper than the average price of $748,362 in Southold. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 38 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 239 % more costly than the average price of ($1,460 / sq.feet) in Southold. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 239 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $1,200,647 it is 41 % cheaper than the average price in Southold. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $704,185 it is 38 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $315 / sq.feet followed by "House" priced at $1,460 / sq.feet. "House" is the most costly type of property with a $1,460 / sq.feet cost followed by "Commercial Property" with an average price of $315 / sq.feet.