The prices in real estate in Great Barrington, 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 Great Barrington has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,049. In the following month the price per sq.feet decreased considerably to $787. The price for the following two months in (September, October) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % 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 $660.25 to $287.5 during November, and December.
Based upon to the price in Great Barrington (cities), this has gone up considerably in the last 6 months. The average price for July is $543,115. During August the price had a slight fall till $490,221. In the following two months the average price has remained the same with regard to the previous two months from $516,668 to $534,006.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 201 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,251,899 they are 80 % more affordable than the average price for Great Barrington. The properties with the lowest average price have 4 bedrooms, Their price is 47 % cheaper than the average. After that we have properties with 3 bedrooms priced at $561,521.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $260 / sq.feet, with an average $312 / sq.feet price in Great Barrington. The properties with the highest average prices have 4 bedrooms. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $281 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,251,899 it is 88 % cheaper than the average price in Great Barrington. "Cabin" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $556,675 it is 53 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $249 / sq.feet followed by "Condo" priced at $463 / sq.feet. "Cabin" is the most costly type of property with a $1,870 / sq.feet cost followed by "Land" with an average price of $718 / sq.feet.