The prices in real estate in Ephrata, in the Washington 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 Ephrata has increased strongly during the last 6 months. In October, the average price per sq.feet was $232. In November this price pretty much remained the same at a value of $222 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 698 %. The price per sq.feet has had a considerable increase of 418 % 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 $905.5 to $3,786 during February, and March.
Based upon to the price in Ephrata (cities), these have remained the same in the last 6 months. The price in October is $345,660, rising in November till $375,366. In the following two months the average price has remained the same with regard to the previous two months from $360,513 to $352,322. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $356,417.5 to $319,060 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $237,349 they are 13 % more affordable than the average price for Ephrata. The properties with the lowest average price have 1 bedroom, Their price is 12 % cheaper than the average. After that we have properties with 2 bedrooms priced at $208,598.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $73 / sq.feet, with an average $7,353 / sq.feet price in Ephrata. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $78 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $237,349 it is 65 % cheaper than the average price in Ephrata. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $82,416 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $35 / sq.feet followed by "House" priced at $73 / sq.feet. "House" is the cheapest type of property with a $73 / sq.feet value followed by "Apartment" with an average price of $35 / sq.feet.