The prices in real estate in Center Valley, in the Pennsylvania 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 Center Valley has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $260. In the following month the price per sq.feet decreased to $245. The price for the following two months in (June, July) decreased 89 % with regard to the prior two months. The price per sq.feet has decreased 86 % 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 $238 to $204 during August, and September.
Based upon to the price in Center Valley (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $785,320. In May This price remains at $823,597. During the following two months (June, July) the average price fell 85 % 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 $744,424.5 to $569,589.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $583,513 they are 4 % more affordable than the average price for Center Valley. The properties with the highest average price have 2 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 1 bedroom priced at $561,304.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $122 / sq.feet, with an average $208 / sq.feet price in Center Valley. The properties with the lowest average prices have 1 bedroom. They are 38 % cheaper than the average followed by properties with 2 bedrooms with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $583,513 it is 26 % cheaper than the average price in Center Valley. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $479,208 it is 27 % 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 $122 / sq.feet followed by "Farm" priced at $133 / sq.feet. "House" is the cheapest type of property with a $151 / sq.feet value followed by "Farm" with an average price of $133 / sq.feet.