The prices in real estate in Abington, in the Pennsylvania region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Abington has increased strongly during the last 6 months. In April, the average price per sq.feet was $167. In the following month the price per sq.feet increased considerably to $295. The price for the following two months in (June, July) had a considerable increment of 3538 %. The price per sq.feet has had a considerable increase of 155 % 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 $4,202.25 to $6,521 during August, and September.
Based upon to the price in Abington (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $315,940. During May the price went through a considerable rise reaching $916,980. During the following two months (June, July) the average price had a considerable reduction of 54 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $473,140.75 to $304,482.5, which means a 64 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $295,438 they are 11 % more affordable than the average price for Abington. The properties with the highest average price have 1 bedroom, Their price is 104 % more costly than the average. After that we have properties with 3 bedrooms priced at $261,767.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $151 / sq.feet, with an average $8,106 / sq.feet price in Abington. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 3 bedrooms with a price at $151 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $295,438 it is 11 % cheaper than the average price in Abington. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Commercial Property" followed by "House". At a price of $261,767 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $125 / sq.feet followed by "House" priced at $151 / sq.feet. "House" is the cheapest type of property with a $151 / sq.feet value followed by "Commercial Property" with an average price of $125 / sq.feet.