The prices in real estate in Chester Springs, 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 Chester Springs has increased strongly during the last 6 months. In October, the average price per sq.feet was $245. In the following month the price per sq.feet increased to $263. The price for the following two months in (December, January) had a considerable increment of 316 %. The price per sq.feet has had a considerable increase of 229 % 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 $528.5 to $1,208 during February, and March.
Based upon to the price in Chester Springs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $933,322. During November the price went through a considerable rise reaching $1,111,924. During the following two months (December, January) the average price had a considerable increase of 120 % 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 130 % 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 $1,245,023 they are 60 % more affordable than the average price for Chester Springs. The properties with the highest average price have 1 bedroom, Their price is 135 % more costly than the average. After that we have properties with 4 bedrooms priced at $766,780.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $145 / sq.feet, with an average $336 / sq.feet price in Chester Springs. The properties with the highest average prices have 1 bedroom. They are 93 % more expensive than the average followed by properties with 2 bedrooms with a price at $301 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,245,023 it is 61 % cheaper than the average price in Chester Springs. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $549,904 it is 33 % 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 $190 / sq.feet followed by "Apartment" priced at $203 / sq.feet. "House" is the cheapest type of property with a $225 / sq.feet value followed by "Apartment" with an average price of $203 / sq.feet.