The prices in real estate in Frankford, in the Delaware region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Frankford has increased strongly during the last 6 months. In October, the average price per sq.feet was $175. In November this price pretty much remained the same at a value of $171 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 251 %. The price per sq.feet has had a considerable increase of 288 % 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 $303.25 to $873.5 during February, and March.
Based upon to the price in Frankford (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $346,694. In November This price remains at $330,447. During the following two months (December, January) the average price fell 93 % 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 88 %, going from $326,738.5 to $285,980.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $294,761 they are 25 % more affordable than the average price for Frankford. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 1 bedroom priced at $367,481.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $162 / sq.feet, with an average $829 / sq.feet price in Frankford. The properties with the highest average prices have 2 bedrooms. They are 145 % more expensive than the average followed by properties with 4 bedrooms with a price at $651 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $294,761 it is 11 % 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 "Condo". At a price of $262,749 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $161 / sq.feet followed by "Condo" priced at $1,899 / sq.feet. "Condo" is the most costly type of property with a $1,899 / sq.feet cost followed by "House" with an average price of $161 / sq.feet.