The prices in real estate in Suffern, 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 Suffern has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $274. In the following month the price per sq.feet decreased considerably to $198. The price for the following two months in (November, December) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 127 % 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 $219.75 to $278.5 during January, and February.
Based upon to the price in Suffern (cities), this has gone downing the last 6 months. The average price for September is $400,419. During October the price had a considerable reduction till $322,901. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $415,086 they are 74 % more affordable than the average price for Suffern. 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 $306,413.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $103 / sq.feet, with an average $353 / sq.feet price in Suffern. The properties with the lowest average prices have 2 bedrooms. They are 40 % cheaper than the average followed by properties with 4 bedrooms with a price at $208 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $415,086 it is 33 % cheaper than the average price in Suffern. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $405,351 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $175 / sq.feet followed by "House" priced at $199 / sq.feet. "Townhouse" is the cheapest type of property with a $312 / sq.feet value followed by "Condo" with an average price of $299 / sq.feet.