The prices in real estate in Braintree, 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 Braintree has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,922. In the following month the price per sq.feet decreased considerably to $252. The price for the following two months in (September, October) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 43 % 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 $670 to $291 during November, and December.
Based upon to the price in Braintree (cities), this has gone up in the last 6 months. The average price for July is $478,256. During August the price had a slight fall till $450,091. During the following two months (September, October) the average price had a considerable increase of 129 % with regard to the previous two months. 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 $532,522.5 and $529,702.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $552,655 they are 47 % more affordable than the average price for Braintree. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 2 bedrooms priced at $422,508.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $228 / sq.feet, with an average $299 / sq.feet price in Braintree. The properties with the highest average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $355 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $552,655 it is 27 % cheaper than the average price in Braintree. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "House". At a price of $461,167 it is 5 % 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 $230 / sq.feet followed by "Duplex" priced at $314 / sq.feet. "Office" is the most costly type of property with a $1,540 / sq.feet cost followed by "Commercial" with an average price of $709 / sq.feet.