The prices in real estate in Cranberry Twp, 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 Cranberry Twp has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $165. In the following month the price per sq.feet decreased considerably to $127. The price for the following two months in (November, December) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $133.75 to $118.5 during January, and February.
Based upon to the price in Cranberry Twp (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $356,803. During October the price went through a considerable rise reaching $412,512. During the following two months (November, December) the average price had a considerable increase of 115 % 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 118 % 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 $537,920 they are 43 % more affordable than the average price for Cranberry Twp. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 1 bedroom priced at $422,305.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $134 / sq.feet, with an average $128 / sq.feet price in Cranberry Twp. The properties with the highest average prices have 2 bedrooms. They are 56 % more expensive than the average followed by properties with 1 bedroom with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $537,920 it is 36 % cheaper than the average price in Cranberry Twp. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $396,796 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $132 / sq.feet followed by "House" priced at $145 / sq.feet. "Office" is the most costly type of property with a $619 / sq.feet cost followed by "House" with an average price of $145 / sq.feet.