The prices in real estate in Chadds Ford, 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 Chadds Ford has increased strongly during the last 6 months. In July, the average price per sq.feet was $237. In the following month the price per sq.feet decreased to $223. In the following two months the price per sq.feet has increased 115 %, going from $230 to $263.5 per sq.feet. The price per sq.feet has had a considerable increase of 128 % 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 $246.75 to $317 during November, and December.
Based upon to the price in Chadds Ford (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $883,048. In August This price remains at $867,998. During the following two months (September, October) the average price had a considerable increase of 121 % 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 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,305,757 they are 54 % more affordable than the average price for Chadds Ford. The properties with the lowest average price have 4 bedrooms, Their price is 53 % cheaper than the average. After that we have properties with 1 bedroom priced at $608,986.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $164 / sq.feet, with an average $325 / sq.feet price in Chadds Ford. The properties with the highest average prices have 1 bedroom. They are 31729 % more expensive than the average followed by properties with 3 bedrooms with a price at $102,925 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,305,757 it is 90 % cheaper than the average price in Chadds Ford. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $647,983 it is 50 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $164 / sq.feet followed by "House" priced at $200 / sq.feet. "Apartment" is the most costly type of property with a $12,992 / sq.feet cost followed by "Farm" with an average price of $577 / sq.feet.