The prices in real estate in Irwin, 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 Irwin has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $6,964. In the following month the price per sq.feet decreased considerably to $191. The price for the following two months in (May, June) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $1,889.25 to $190 during July, and August.
Based upon to the price in Irwin (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is $488,761. In April This price remains at $512,124. During the following two months (May, June) the average price fell 89 % 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 89 %, going from $472,723 to $421,954 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $409,355 they are 48 % more affordable than the average price for Irwin. The properties with the lowest average price have 2 bedrooms, Their price is 48 % cheaper than the average. After that we have properties with 1 bedroom priced at $213,570.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $46 / sq.feet, with an average $192 / sq.feet price in Irwin. The properties with the lowest average prices have 1 bedroom. They are 72 % cheaper than the average followed by properties with 2 bedrooms with a price at $51 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $409,355 it is 52 % cheaper than the average price in Irwin. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $195,855 it is 48 % 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 $46 / sq.feet followed by "Duplex" priced at $1,931 / sq.feet. "Duplex" is the most costly type of property with a $1,931 / sq.feet cost followed by "House" with an average price of $46 / sq.feet.