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 October, the average price per sq.feet was $766. In the following month the price per sq.feet decreased considerably to $270. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $399.5 to $284.5 during February, and March.
Based upon to the price in West Park (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $268,189. During November the price went through a considerable rise reaching $1,817,500. During the following two months (December, January) the average price had a considerable increase of 164 % 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 $1,376,997.25 to $1,146,825, which means a 83 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 86 % cheaper than the average price of $239,032 in West Park. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 86 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 53 % cheaper than the average price of ($147 / 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 53 % 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 $1,679,400 it is 86 % 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 $239,032 it is 85 % 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 $147 / sq.feet followed by "Townhouse" priced at $562 / sq.feet. "Townhouse" is the most costly type of property with a $562 / sq.feet cost followed by "House" with an average price of $147 / sq.feet.