The prices in real estate in White Plains, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in White Plains has fallen in the last 6 months. In October, the average price per sq.feet was $400. In the following month the price per sq.feet decreased to $361. In the following two months the price per sq.feet has barely changed, going from $380.5 to $363.5 per sq.feet. The price per sq.feet has decreased 94 % 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 $372 to $348.5 during February, and March.
Based upon to the price in White Plains (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $714,938. During November the price went through a considerable rise reaching $919,278. During the following two months (December, January) the price has had an average incrementation from $817,108 to $893,174. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $855,141 to $749,771 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $768,223 they are 66 % more affordable than the average price for White Plains. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $918,267.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $307 / sq.feet, with an average $358 / sq.feet price in White Plains. The properties with the highest average prices have 3 bedrooms. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $430 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $768,223 it is 16 % cheaper than the average price in White Plains. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Duplex". At a price of $1,532,436 it is 127 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $332 / sq.feet followed by "Townhouse" priced at $338 / sq.feet. "Duplex" is the most costly type of property with a $4,813 / sq.feet cost followed by "Commercial" with an average price of $3,722 / sq.feet.