The prices in real estate in West Islip, 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 West Islip has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $419. In the following month the price per sq.feet decreased to $360. The price for the following two months in (January, February) decreased 88 % with regard to the prior two months. The price per sq.feet has decreased 95 % 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 $366.25 to $347.5 during March, and April.
Based upon to the price in West Islip (cities), this has gone up considerably in the last 6 months. The price in November is $1,030,294, rising in December till $1,146,378. During the following two months (January, February) the average price had a considerable increase of 127 % 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 91 %, going from $1,232,971 to $1,117,044.5 in March and April.