Property prices for sale in Central Falls (Rhode Island)
The prices in real estate in Central Falls, in the Rhode Island 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 Central Falls has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $204. In the following month the price per sq.feet decreased to $193. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $187 to $154 during February, and March.
Based upon to the price in Central Falls (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $425,967. In November This price remains at $414,827. During the following two months (December, January) the average price had a considerable increase of 119 % 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 115 % 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 $547,052 they are 60 % more affordable than the average price for Central Falls. The properties with the lowest average price have 4 bedrooms, Their price is 46 % cheaper than the average. After that we have properties with 3 bedrooms priced at $283,260.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $56 / sq.feet, with an average $153 / sq.feet price in Central Falls. The properties with the lowest average prices have 1 bedroom. They are 3 % cheaper than the average followed by properties with 2 bedrooms with a price at $116 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $547,052 it is 79 % cheaper than the average price in Central Falls. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $229,798 it is 52 % 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 $103 / sq.feet followed by "Apartment" priced at $122 / sq.feet. "Townhouse" is the most costly type of property with a $405 / sq.feet cost followed by "Condo" with an average price of $245 / sq.feet.
