The prices in real estate in Cranston, in the Rhode Island 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 Cranston has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $301. In the following month the price per sq.feet decreased considerably to $155. The price for the following two months in (September, October) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $193.5 to $154 during November, and December.
Based upon to the price in Cranston (cities), this has gone downing the last 6 months. The average price for July is $318,146. During August the price had a slight fall till $283,015. In the following two months the average price has remained the same with regard to the previous two months from $300,580.5 to $292,299. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $296,439.75 and $286,132.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $278,695 they are 38 % more affordable than the average price for Cranston. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $281,431.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $149 / sq.feet, with an average $153 / sq.feet price in Cranston. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $169 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $278,695 it is 20 % cheaper than the average price in Cranston. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $271,166 it is 1 % 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 $153 / sq.feet followed by "House" priced at $158 / sq.feet. "Farm" is the most costly type of property with a $194 / sq.feet cost followed by "House" with an average price of $158 / sq.feet.