The prices in real estate in Huntingdon Valley, in the Pennsylvania 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 Huntingdon Valley has increased strongly during the last 6 months. In January, the average price per sq.feet was $190. In February this price pretty much remained the same at a value of $183 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $186.5 to $186.5 per sq.feet. The price per sq.feet has had a considerable increase of 1590 % 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 $186.5 to $2,965.5 during May, and June.
Based upon to the price in Huntingdon Valley (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $508,923. In February This price remains at $502,181. In the following two months the average price has remained the same with regard to the previous two months from $505,552 to $506,621. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $567,410 they are 54 % more affordable than the average price for Huntingdon Valley. 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 $401,117.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $210 / sq.feet, with an average $5,733 / sq.feet price in Huntingdon Valley. The properties with the highest average prices have 3 bedrooms. They are 2065 % more expensive than the average followed by properties with 4 bedrooms with a price at $25,535 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $567,410 it is 50 % cheaper than the average price in Huntingdon Valley. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $409,940 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $173 / sq.feet followed by "Condo" priced at $221 / sq.feet. "Land" is the most costly type of property with a $188,183 / sq.feet cost followed by "House" with an average price of $31,252 / sq.feet.