Property prices for sale in Elma (Washington)
The prices in real estate in Elma, in the Washington 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 Elma has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $11,120. In the following month the price per sq.feet decreased considerably to $1,639. The price for the following two months in (May, June) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 61 % 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 $5,122 to $3,135.5 during July, and August.
Based upon to the price in Elma (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $378,399. During April the price went through a considerable rise reaching $476,886. In the following two months the average price has remained the same with regard to the previous two months from $427,642.5 to $423,085.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 $488,758 they are 42 % more affordable than the average price for Elma. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $477,328.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $278 / sq.feet, with an average $2,723 / sq.feet price in Elma. The properties with the lowest average prices have 1 bedroom. They are 89 % cheaper than the average followed by properties with 2 bedrooms with a price at $293 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $488,758 it is 57 % cheaper than the average price in Elma. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $466,633 it is 3 % 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 $70 / sq.feet followed by "Duplex" priced at $72 / sq.feet. "Land" is the most costly type of property with a $60,180 / sq.feet cost followed by "House" with an average price of $282 / sq.feet.
