Property prices for sale in Chatham (Massachusetts)
The prices in real estate in Chatham, 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 Chatham has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $12,497. In the following month the price per sq.feet decreased considerably to $5,946. The price for the following two months in (January, February) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 53 % 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 $8,162.75 to $4,364.5 during March, and April.
Based upon to the price in Chatham (cities), these have remained the same in the last 6 months. The average price for November is $2,131,410. During December the price had a slight fall till $1,969,210. During the following two months (January, February) the average price fell 94 % 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 122 % 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 $2,421,224 they are 90 % more affordable than the average price for Chatham. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,545,893.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $3,076 / sq.feet, with an average $1,033 / sq.feet price in Chatham. The properties with the highest average prices have 4 bedrooms. They are 482 % more expensive than the average followed by properties with 3 bedrooms with a price at $3,905 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,421,224 it is 83 % cheaper than the average price in Chatham. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $410,249 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $456 / sq.feet followed by "House" priced at $6,826 / sq.feet. "House" is the most costly type of property with a $6,826 / sq.feet cost followed by "Condo" with an average price of $456 / sq.feet.
