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 April, the average price per sq.feet was $1,455. In the following month the price per sq.feet increased considerably to $1,823. The price for the following two months in (June, July) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 38 % 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 $1,514 to $575 during August, and September.
Based upon to the price in Dover (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $203,648. In May This price remains at $205,334. During the following two months (June, July) the price has had an average incrementation from $204,491 to $226,340.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $232,086 they are 36 % more affordable than the average price for Dover. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $212,903.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $128 / sq.feet, with an average $569 / sq.feet price in Dover. The properties with the highest average prices have 4 bedrooms. They are 267 % more expensive than the average followed by properties with 3 bedrooms with a price at $224 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $232,086 it is 32 % cheaper than the average price in Dover. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $185,222 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $60 / sq.feet followed by "Condo" priced at $115 / sq.feet. "Land" is the most costly type of property with a $1,041 / sq.feet cost followed by "House" with an average price of $752 / sq.feet.