The prices in real estate in East Berlin, in the Pennsylvania region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in East Berlin has increased strongly during the last 6 months. In November, the average price per sq.feet was $204. In the following month the price per sq.feet decreased to $192. The price for the following two months in (January, February) had a considerable increment of 811 %. The price per sq.feet has had a considerable deflation of 25 % 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 $902 to $221.5 during March, and April.
Based upon to the price in East Berlin (cities), this has gone downing the last 6 months. The average price for November is $367,389. During December the price had a considerable reduction till $309,330. In the following two months the average price has remained the same with regard to the previous two months from $338,359.5 to $323,205.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $341,525 they are 62 % more affordable than the average price for East Berlin. The properties with the lowest average price have 2 bedrooms, Their price is 34 % cheaper than the average. After that we have properties with 1 bedroom priced at $129,090.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $68 / sq.feet, with an average $196 / sq.feet price in East Berlin. The properties with the lowest average prices have 1 bedroom. They are 1 % cheaper than the average followed by properties with 2 bedrooms with a price at $68 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $341,525 it is 34 % cheaper than the average price in East Berlin. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "Duplex". At a price of $234,940 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $51 / sq.feet followed by "Farm" priced at $62 / sq.feet. "House" is the cheapest type of property with a $68 / sq.feet value followed by "Farm" with an average price of $62 / sq.feet.