The prices in real estate in Belle Vernon, 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 Belle Vernon has increased strongly during the last 6 months. In October, the average price per sq.feet was $115. In the following month the price per sq.feet increased to $129. The price for the following two months in (December, January) had a considerable increment of 2398 %. The price per sq.feet has had a considerable increase of 1086 % 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 $1,524 to $16,552.5 during February, and March.
Based upon to the price in Belle Vernon (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $207,545. In November This price remains at $213,257. During the following two months (December, January) the average price had a considerable increase of 149 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $276,244 they are 79 % more affordable than the average price for Belle Vernon. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $225,626.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $27 / sq.feet, with an average $26,959 / sq.feet price in Belle Vernon. The properties with the lowest average prices have 4 bedrooms. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $49 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $276,244 it is 13 % cheaper than the average price in Belle Vernon. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $250,144 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $43 / sq.feet followed by "Apartment" priced at $66 / sq.feet. "Townhouse" is the cheapest type of property with a $102 / sq.feet value followed by "Apartment" with an average price of $66 / sq.feet.