The average price in the New York region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in New York has risen considerably in the last 6 months. During July, the average price per sq.feet was $614. The following month (August) the price had a considerable deflation reaching $278 per sq.feet. The following two months (September, October) went through a considerable deflation of 56 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant increase of 118 %. This has been obtained by comparing the price of $347 for the first four months of the sample with regard to the previous 4 months and the price of $410.5 per sq.feet for the last two months (November, December).
Based upon to the price in New York(region), this has increased in the last 6 months. In the first month sample July the average price is $533,635. In August the price was the same at $520,248. In the following two months the average price has decreased 74 % compared to the previous two. During the last two months the price has had a considerable increase of 169 % with respect to the previous four months going from $457,860.75 a $775,896.
The graph displaying the the average price per number of bedrooms shows that those with 3 bedrooms are the cheapest ones. They are 23 % more affordable than the average price in New York followed by those with 2 with an average price of $824,086. The most costly properties have 4 bedrooms. They are 19 % more expensive than the average followed by those properties with 1 bedroom priced at $855,844.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $302 / sq.feet being $379 / sq.feet the average value within the New York region. The properties with the most expensive average price are those with 1 bedroom. These are 172 % more costly than the average followed by those with 2 bedrooms with a price of $680 / sq.feet.
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of $758,991 it is 51 % more affordable than the average in New York. This is followed by "House" with a price of $666,545. The dearest property type is "Townhouse" and is 412 % more expensive than the average, followed by "Condo" with a cost of $2,063,875.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $240 / sq.feet, followed by "Commercial" with a price of $301 / sq.feet. "Apartment" with an average price of $1,514 / sq.feet is the most costly type of property followed by "Condo" at a price of $1,508 / sq.feet.