The prices in real estate in Cresco, 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 Cresco has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $382. In the following month the price per sq.feet decreased considerably to $126. The price for the following two months in (July, August) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 60 % 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 $196.75 to $119 during September, and October.
Based upon to the price in Cresco (cities), these have remained the same in the last 6 months. The average price for May is $282,988. During June the price had a slight fall till $246,394. During the following two months (July, August) the average price had a considerable increase of 116 % 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 $286,133 to $261,662.5 in September and October.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 12 % more costly than the average price of $239,420 in Cresco. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 12 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 25 % cheaper than the average price of ($83 / sq.feet) in Cresco. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 25 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $214,044 it is 64 % cheaper than the average price in Cresco. "Apartment" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $239,420 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $29 / sq.feet followed by "Farm" priced at $81 / sq.feet. "Apartment" is the most costly type of property with a $1,090 / sq.feet cost followed by "House" with an average price of $83 / sq.feet.