Property prices for sale in Erie (Pennsylvania)
The prices in real estate in Erie, in the Pennsylvania 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 Erie has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $148. In the following month the price per sq.feet decreased to $137. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $132.5 to $119.5 during February, and March.
Based upon to the price in Erie (cities), this has gone downing the last 6 months. The average price for October is $241,018. During November the price had a slight fall till $227,760. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $222,028.75 to $198,344 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $193,576 they are 47 % more affordable than the average price for Erie. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 2 bedrooms priced at $177,529.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $123 / sq.feet, with an average $123 / sq.feet price in Erie. The properties with the highest average prices have 2 bedrooms. They are 26 % more expensive than the average followed by properties with 3 bedrooms with a price at $129 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $193,576 it is 17 % cheaper than the average price in Erie. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $255,975 it is 46 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $103 / sq.feet followed by "House" priced at $129 / sq.feet. "Land" is the most costly type of property with a $38,102 / sq.feet cost followed by "Condo" with an average price of $190 / sq.feet.
