Property prices for sale in Cheney (Washington)
The prices in real estate in Cheney, in the Washington 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 Cheney has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $914. In the following month the price per sq.feet decreased considerably to $474. The price for the following two months in (December, January) had a considerable decrease of 31 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 57 % 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 $454.5 to $257 during February, and March.
Based upon to the price in Cheney (cities), this has gone downing the last 6 months. The average price for October is $449,200. During November the price had a slight fall till $426,430. In the following two months the average price has remained the same with regard to the previous two months from $437,815 to $417,538.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $427,676.75 to $372,942.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $372,214 they are 14 % more affordable than the average price for Cheney. The properties with the highest average price have 2 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 4 bedrooms priced at $459,436.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $143 / sq.feet, with an average $258 / sq.feet price in Cheney. The properties with the highest average prices have 4 bedrooms. They are 332 % more expensive than the average followed by properties with 2 bedrooms with a price at $332 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $372,214 it is 47 % cheaper than the average price in Cheney. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $432,480 it is 111 % 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 $216 / sq.feet followed by "House" priced at $236 / sq.feet. "Land" is the most costly type of property with a $5,572 / sq.feet cost followed by "Detached House" with an average price of $239 / sq.feet.
