The prices in real estate in Elkins Park, 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 Elkins Park has increased strongly during the last 6 months. In August, the average price per sq.feet was $144. In the following month the price per sq.feet increased considerably to $1,237. The price for the following two months in (October, November) had a considerable decrease of 19 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $409.5 to $116 during December, and January.
Based upon to the price in Elkins Park (cities), this has gone downing the last 6 months. The price in August is $310,191, rising in September till $331,567. During the following two months (October, November) the average price fell 92 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $307,619 to $249,710.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $247,694 they are 67 % more affordable than the average price for Elkins Park. The properties with the highest average price have 3 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 4 bedrooms priced at $263,700.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $96 / sq.feet, with an average $113 / sq.feet price in Elkins Park. The properties with the highest average prices have 4 bedrooms. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $247,694 it is 16 % cheaper than the average price in Elkins Park. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $234,783 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $125 / sq.feet followed by "Apartment" priced at $13,324 / sq.feet. "Condo" is the most costly type of property with a $15,329 / sq.feet cost followed by "Apartment" with an average price of $13,324 / sq.feet.