The prices in real estate in Frankford, in the Delaware region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Frankford has fallen in the last 6 months. In March, the average price per sq.feet was $829. In the following month the price per sq.feet decreased considerably to $702. The price for the following two months in (May, June) had a considerable increment of 132 %. The price per sq.feet has had a considerable deflation of 46 % 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 $887.5 to $409 during July, and August.
Based upon to the price in Frankford (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $294,761. In April This price remains at $306,064. In the following two months the average price has remained the same with regard to the previous two months from $300,412.5 to $307,937.5. 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 $304,175 and $314,065.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $323,867 they are 41 % more affordable than the average price for Frankford. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $353,079.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $187 / sq.feet, with an average $367 / sq.feet price in Frankford. The properties with the highest average prices have 4 bedrooms. They are 101 % more expensive than the average followed by properties with 3 bedrooms with a price at $441 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $323,867 it is 47 % cheaper than the average price in Frankford. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $171,003 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $1,247 / sq.feet followed by "Land" priced at $1,353 / sq.feet. "Land" is the most costly type of property with a $1,353 / sq.feet cost followed by "House" with an average price of $1,247 / sq.feet.