The average price in the New York region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in New York has increased strongly in the last 6 months. During February, the average price per sq.feet was $533. The following month (March) the price had a considerable increase reaching $624 per sq.feet. In the following two months (April, May) the price per sq.feet has risen strongly to a 156 %. In the last two months, the price per sq.feet has decreased 93 %. This has been obtained by comparing the price $741.25 for the first four months of the sample with regard to the previous 4 months and the price $692.5 per sq.feet for the last two months (June, July).
Based upon to the price in New York(region), this has increased in the last 6 months. The average price in February is $1,017,106. In March the price increased to $1,117,407. The average price for the following two months (April, May) increased from $1,067,256.5 to $1,201,797. During the last two months the price has reduced 89 % compared to the previous average values going from $1,134,526.75 a $1,010,856.5 in June and July.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 60 % more affordable than the average price in New York followed by those with 2 with an average price of $541,890. The most costly properties have 4 bedrooms. They are 28 % more expensive than the average followed by those properties with 3 bedrooms priced at $652,280.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $333 / sq.feet being $467 / sq.feet the average value within the New York region. The properties with the most expensive average price are those with 4 bedrooms. These are 43 % more costly than the average followed by those with 1 bedroom with a price of $363 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $781,623 it is 60 % more affordable than the average in New York. This is followed by "Apartment" with a price of $715,601. The dearest property type is "Detached House" and is 201 % more expensive than the average, followed by "Townhouse" with a cost of $1,799,032.
Based on the average cost per sq.feet the most costly property type is "House with a an average price of $628 / sq.feet, followed by "Townhouse" with a price of $822 / sq.feet. "Detached House" with an average price of $4,952 / sq.feet is the most costly type of property followed by "Apartment" at a price of $1,792 / sq.feet.