The prices in real estate in Fitchburg, 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 Fitchburg has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $575. In the following month the price per sq.feet decreased considerably to $121. The price for the following two months in (November, December) had a considerable decrease of 40 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $243.75 to $153.5 during January, and February.
Based upon to the price in Fitchburg (cities), this has gone downing the last 6 months. The average price for September is $308,381. During October the price had a slight fall till $274,009. In the following two months the average price has remained the same with regard to the previous two months from $291,195 to $288,438.5. 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 $289,816.75 and $280,144.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $273,486 they are 24 % more affordable than the average price for Fitchburg. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $318,077.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $122 / sq.feet, with an average $155 / sq.feet price in Fitchburg. The properties with the highest average prices have 3 bedrooms. They are 352 % more expensive than the average followed by properties with 1 bedroom with a price at $146 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $273,486 it is 52 % cheaper than the average price in Fitchburg. "Condo" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Farm". At a price of $368,493 it is 36 % 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 $103 / sq.feet followed by "House" priced at $134 / sq.feet. "Land" is the most costly type of property with a $1,296 / sq.feet cost followed by "Condo" with an average price of $163 / sq.feet.