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 July, the average price per sq.feet was $411. In the following month the price per sq.feet decreased to $359. The price for the following two months in (September, October) had a considerable increment of 157 %. The price per sq.feet has had a considerable increase of 118 % 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 $494.25 to $582 during November, and December.
Based upon to the price in West Park (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $429,320. In August This price remains at $420,083. In the following two months the average price has remained the same with regard to the previous two months from $424,701.5 to $427,886.5. 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 $426,294 and $438,391.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $425,459 they are 50 % more affordable than the average price for West Park. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 2 bedrooms priced at $280,637.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $207 / sq.feet, with an average $410 / sq.feet price in West Park. The properties with the lowest average prices have 1 bedroom. They are 44 % cheaper than the average followed by properties with 3 bedrooms with a price at $217 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $425,459 it is 50 % cheaper than the average price in West Park. "Villa" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $245,125 it is 35 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $119 / sq.feet followed by "House" priced at $221 / sq.feet. "Townhouse" is the most costly type of property with a $767 / sq.feet cost followed by "Apartment" with an average price of $534 / sq.feet.