The average price in the New York region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in New York has increased in the last 6 months. During October, the average price per sq.feet was $371. The following month (November) the price had a considerable increase reaching $491 per sq.feet. The following two months (December, January) there has been a deflation of 92 % in the price per sq.feet with regard to the previous two. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of $414.75 to $414.5 during February and March.
Based upon to the price in New York(region), this has increased considerably in the last 6 months. The average price in October is $622,997. In November the price increased to $714,594. In the following two months the average price didn't change much compared to the previous two going from $668,795.5 to $696,107. During the last two months the price has had a considerable increase of 118 % with respect to the previous four months going from $682,451.25 a $804,310.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 70 % more affordable than the average price in New York followed by those with 2 with an average price of $406,873. The cheapest properties have 4 bedrooms. They are 24 % cheaper than the average followed by those properties with 3 bedrooms priced at $420,977.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $248 / sq.feet being $435 / sq.feet the average value within the New York region. The properties with the cheapest average price are those with 1 bedroom. These are 13 % lower than the average followed by those with 2 bedrooms with a price of $362 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $949,288 it is 42 % more affordable than the average in New York. This is followed by "Apartment" with a price of $947,970. The dearest property type is "Townhouse" and is 173 % more expensive than the average, followed by "Condo" with a cost of $2,053,661.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $422 / sq.feet, followed by "House" with a price of $698 / sq.feet. "Land" with an average price of $156,233 / sq.feet is the most costly type of property followed by "Condo" at a price of $1,357 / sq.feet.