Property prices for sale in Stony Brook (New York)
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 November, the average price per sq.feet was $377. In the following month the price per sq.feet decreased to $341. In the following two months the price per sq.feet has barely changed, going from $359 to $374.5 per sq.feet. The price per sq.feet has had a considerable deflation of 54 % 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 $366.75 to $198.5 during March, and April.
Based upon to the price in Stony Brook (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $602,030. In December This price remains at $614,043. During the following two months (January, February) the average price had a considerable increase of 123 % 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 $677,374.25 and $700,392.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $688,151 they are 46 % more affordable than the average price for Stony Brook. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $604,808.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $215 / sq.feet, with an average $198 / sq.feet price in Stony Brook. The properties with the highest average prices have 1 bedroom. They are 157 % more expensive than the average followed by properties with 3 bedrooms with a price at $407 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $688,151 it is 34 % cheaper than the average price in Stony Brook. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $474,317 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $183 / sq.feet followed by "House" priced at $299 / sq.feet. "Condo" is the most costly type of property with a $443 / sq.feet cost followed by "House" with an average price of $299 / sq.feet.
