The prices in real estate in Amherst, in the Massachusetts region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Amherst has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $9,246. In the following month the price per sq.feet decreased considerably to $304. The price for the following two months in (May, June) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 11 % 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 $2,538.25 to $288.5 during July, and August.
Based upon to the price in Amherst (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $531,683. During April the price went through a considerable rise reaching $624,794. During the following two months (May, June) the price has had an average incrementation from $578,238.5 to $624,608.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $601,423.5 and $580,106.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $600,970 they are 70 % more affordable than the average price for Amherst. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $463,640.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $198 / sq.feet, with an average $287 / sq.feet price in Amherst. The properties with the lowest average prices have 3 bedrooms. They are 13 % cheaper than the average followed by properties with 1 bedroom with a price at $246 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $600,970 it is 25 % cheaper than the average price in Amherst. "Apartment" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of $612,608 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $277 / sq.feet followed by "Detached House" priced at $281 / sq.feet. "Land" is the most costly type of property with a $161,539 / sq.feet cost followed by "Detached House" with an average price of $281 / sq.feet.