The prices in real estate in Stony Brook, 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 Stony Brook has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $260. In the following month the price per sq.feet decreased to $225. The price for the following two months in (April, May) had a considerable decrease of 66 with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $201.75 to $189.5 during June, and July.
Based upon to the price in Stony Brook (cities), this has fallen considerably in the last 6 months. The average price for February is $1,066,975. During March the price had a considerable reduction till $655,800. During the following two months (April, May) the average price had a considerable reduction of 61 % 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 $695,160 to $576,956, which means a 83 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 14 % cheaper than the average price of $494,112 in Stony Brook. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 14 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 4 % cheaper than the average price of ($229 / sq.feet) in Stony Brook. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $575,479 it is 14 % cheaper than the average price in Stony Brook. "Duplex" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Duplex". At a price of $496,183 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $228 / sq.feet followed by "House" priced at $229 / sq.feet. "Condo" is the most costly type of property with a $247 / sq.feet cost followed by "House" with an average price of $229 / sq.feet.