The prices in real estate in Hellertown, 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 Hellertown has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,567. In November this price pretty much remained the same at a value of $2,478 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 155 %. The price per sq.feet has had a considerable deflation of 6 % 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 $3,213 to $193 during February, and March.
Based upon to the price in Hellertown (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $404,515. In November This price remains at $395,303. During the following two months (December, January) the average price had a considerable increase of 151 % 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 gone up 105 % 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 $474,125 they are 15 % more affordable than the average price for Hellertown. The properties with the lowest average price have 1 bedroom, Their price is 15 % cheaper than the average. After that we have properties with 2 bedrooms priced at $402,336.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $209 / sq.feet price in Hellertown. The properties with the lowest average prices have 1 bedroom. They are 21 % cheaper than the average followed by properties with 2 bedrooms with a price at $161 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $474,125 it is 15 % cheaper than the average price in Hellertown. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Commercial Property". At a price of $402,920 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $86 / sq.feet followed by "Condo" priced at $99 / sq.feet. "House" is the cheapest type of property with a $161 / sq.feet value followed by "Condo" with an average price of $99 / sq.feet.