The prices in real estate in Coraopolis, in the Pennsylvania 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 Coraopolis has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $166. In the following month the price per sq.feet increased considerably to $191. The price for the following two months in (October, November) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 16 % 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 $103.5 to $17 during December, and January.
Based upon to the price in Coraopolis (cities), this has gone downing the last 6 months. The average price during our first sample month during August, is $397,992. During September the price went through a considerable rise reaching $476,993. During the following two months (October, November) the average price had a considerable reduction of 68 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $367,790.25 to $334,431.5 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $339,896 they are 3 % more affordable than the average price for Coraopolis. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $333,294.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $103 / sq.feet, with an average $16 / sq.feet price in Coraopolis. The properties with the highest average prices have 1 bedroom. They are 663 % more expensive than the average followed by properties with 3 bedrooms with a price at $114 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $339,896 it is 36 % cheaper than the average price in Coraopolis. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $328,579 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $89 / sq.feet followed by "Commercial Property" priced at $90 / sq.feet. "Apartment" is the most costly type of property with a $103 / sq.feet cost followed by "Commercial Property" with an average price of $90 / sq.feet.