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 March, the average price per sq.feet was $15,974. In April this price pretty much remained the same at a value of $16,650 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $12,660.5 to $3,110 during July, and August.
Based upon to the price in Fall River (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $226,976. In April This price remains at $218,251. During the following two months (May, June) the price has had an average incrementation from $222,613.5 to $240,950.5. 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 3 bedrooms are the cheapest ones. At a price of $282,438 they are 30 % more affordable than the average price for Fall River. The properties with the highest average price have 1 bedroom, Their price is 55 % more costly 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 3 bedrooms are the most costly ones at a cost of $3,868 / sq.feet, with an average $2,955 / sq.feet price in Fall River. The properties with the highest average prices have 1 bedroom. They are 170 % more expensive 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 "Apartment" as the most affordable one. At an cost of $282,438 it is 30 % cheaper than the average price in Fall River. "Land" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Apartment". At a price of $196,803 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $3,868 / sq.feet followed by "Land" priced at $5,551 / sq.feet. "Land" is the most costly type of property with a $5,551 / sq.feet cost followed by "Apartment" with an average price of $3,868 / sq.feet.