The prices in real estate in Hazleton, in the Pennsylvania 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 Hazleton has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $552. In the following month the price per sq.feet decreased considerably to $165. The price for the following two months in (October, November) had a considerable decrease of 33 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 39 % 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 $238.5 to $93 during December, and January.
Based upon to the price in Hazleton (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $214,277. In September This price remains at $208,079. During the following two months (October, November) the average price had a considerable increase of 135 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $342,100 they are 52 % more affordable than the average price for Hazleton. The properties with the lowest average price have 1 bedroom, Their price is 52 % cheaper than the average. After that we have properties with 2 bedrooms priced at $164,797.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $120 / sq.feet, with an average $94 / sq.feet price in Hazleton. The properties with the highest average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $120 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $342,100 it is 58 % cheaper than the average price in Hazleton. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $164,797 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $25 / sq.feet followed by "House" priced at $120 / sq.feet. "Apartment" is the most costly type of property with a $468 / sq.feet cost followed by "House" with an average price of $120 / sq.feet.