The prices in real estate in Dover, in the Delaware 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 Dover has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $976. In the following month the price per sq.feet decreased considerably to $108. The price for the following two months in (September, October) had a considerable decrease of 20 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 31 % 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 $324.25 to $102 during November, and December.
Based upon to the price in Dover (cities), this has fallen considerably in the last 6 months. The average price for July is $254,748. During August the price had a considerable reduction till $210,607. During the following two months (September, October) the average price had a considerable reduction of 85 % 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 88 %, going from $214,833.75 to $190,115 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $174,098 they are 41 % more expensive than the average price for Dover. Following this ranking we find those properties with 4 at an average price of $296,507. The properties with the highest average price have 4 bedrooms, Their price is 70 % more costly than the average. After that we have properties with 1 bedroom priced at $245,930.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $313 / sq.feet, with an average $98 / sq.feet price in Dover. The properties with the highest average prices have 4 bedrooms. They are 422 % more expensive than the average followed by properties with 1 bedroom with a price at $313 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $174,098 it is 30 % cheaper than the average price in Dover. "Land" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $259,225 it is 56 % more expensive 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 $113 / sq.feet followed by "Townhouse" priced at $121 / sq.feet. "Apartment" is the most costly type of property with a $818 / sq.feet cost followed by "Land" with an average price of $313 / sq.feet.