The prices in real estate in Fall River, in the Massachusetts 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 Fall River has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $6,856. In the following month the price per sq.feet decreased to $6,296. The price for the following two months in (February, March) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $5,147 to $3,326 during April, and May.
Based upon to the price in Fall River (cities), this has gone downing the last 6 months. The average price for December is $313,387. During January the price had a slight fall till $297,167. During the following two months (February, March) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $291,008 and $294,283.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $300,871 they are 35 % more affordable than the average price for Fall River. The properties with the lowest average price have 1 bedroom, Their price is 35 % cheaper than the average. After that we have properties with 3 bedrooms priced at $196,803.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $3,852 / sq.feet, with an average $4,414 / sq.feet price in Fall River. The properties with the lowest average prices have 1 bedroom. They are 12 % cheaper than the average followed by properties with 3 bedrooms with a price at $3,868 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $300,871 it is 35 % cheaper than the average price in Fall River. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Apartment". At a price of $196,015 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $3,832 / sq.feet followed by "Apartment" priced at $3,852 / sq.feet. "Land" is the most costly type of property with a $5,497 / sq.feet cost followed by "Apartment" with an average price of $3,852 / sq.feet.