The average price in the New York region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per sq.feet in New York has remained stagnant in the last 6 months. During March, the average price per sq.feet was $435. The following month (April) the price had a considerable increase reaching $558 per sq.feet. The following two months (May, June) there has been a deflation of 88 % 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 decrease of 81 %. This has been obtained by comparing the price of $466 for the first four months of the sample with regard to the previous 4 months and the price of $376.5 per sq.feet for the last two months (July, August).
Based upon to the price in New York(region), this has decreased considerably in the last 6 months. March has an average price of $949,288. During April the price had a strong deflation till $798,916. In the following two months the average price has decreased 82 % compared to the previous two. During the last two months the price has reduced 88 % compared to the previous average values going from $796,758 a $697,993 in July and August.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 52 % more affordable than the average price in New York followed by those with 2 with an average price of $426,214. The cheapest properties have 4 bedrooms. They are 0 % cheaper than the average followed by those properties with 3 bedrooms priced at $564,401.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $311 / sq.feet being $424 / 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 10 % more costly than the average followed by those with 2 bedrooms with a price of $386 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $733,016 it is 45 % more affordable than the average in New York. This is followed by "House" with a price of $590,705. The dearest property type is "Detached House" and is 172 % more expensive than the average, followed by "Condo" with a cost of $1,117,542.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $315 / sq.feet, followed by "Townhouse" with a price of $389 / sq.feet. "Land" with an average price of $168,417 / sq.feet is the most costly type of property followed by "Detached House" at a price of $2,335 / sq.feet.