The prices in real estate in West Park, in the New York region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in West Park has increased strongly during the last 6 months. In March, the average price per sq.feet was $313. In the following month the price per sq.feet increased considerably to $406. The price for the following two months in (May, June) had a considerable increment of 133 %. The price per sq.feet has had a considerable deflation of 72 % 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 $419.5 to $303.5 during July, and August.
Based upon to the price in West Park (cities), this has gone downing the last 6 months. The average price during our first sample month during March, is $1,679,400. During April the price went through a considerable rise reaching $2,443,333. During the following two months (May, June) the average price had a considerable reduction of 84 % 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 $1,895,112.75 to $818,317, which means a 43 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 76 % cheaper than the average price of $237,836 in West Park. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 76 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 54 % cheaper than the average price of ($142 / sq.feet) in West Park. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 54 % 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 $1,009,667 it is 76 % cheaper than the average price in West Park. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $237,836 it is 75 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $142 / sq.feet followed by "Townhouse" priced at $557 / sq.feet. "Townhouse" is the most costly type of property with a $557 / sq.feet cost followed by "House" with an average price of $142 / sq.feet.