The prices in real estate in West Park, 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 Park has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $299. In August this price pretty much remained the same at a value of $308 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has decreased 85 % 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 $267.75 to $228.5 during November, and December.
Based upon to the price in West Park (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during July, is $626,967. During August the price went through a considerable rise reaching $1,009,667. During the following two months (September, October) the average price had a considerable reduction of 35 % 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 $551,423.5 to $300,794, which means a 55 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $311,763 they are 31 % more affordable than the average price for West Park. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 2 bedrooms priced at $286,033.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $226 / sq.feet, with an average $227 / sq.feet price in West Park. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 3 bedrooms with a price at $236 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $311,763 it is 24 % cheaper than the average price in West Park. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $249,839 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $138 / sq.feet followed by "House" priced at $240 / sq.feet. "Townhouse" is the most costly type of property with a $553 / sq.feet cost followed by "House" with an average price of $240 / sq.feet.