The prices in real estate in Jamaica Plain, 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 Jamaica Plain has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $677. In the following month the price per sq.feet increased to $722. The price for the following two months in (December, January) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 $621.5 to $249 during February, and March.
Based upon to the price in Jamaica Plain (cities), this has fallen considerably in the last 6 months. The average price for October is $838,001. During November the price had a slight fall till $779,543. During the following two months (December, January) the average price had a considerable reduction of 78 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $721,723.25 to $407,260, which means a 56 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $403,680 they are 52 % more affordable than the average price for Jamaica Plain. The properties with the highest average price have 4 bedrooms, Their price is 187 % more costly than the average. After that we have properties with 3 bedrooms priced at $503,438.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $188 / sq.feet, with an average $258 / sq.feet price in Jamaica Plain. The properties with the highest average prices have 4 bedrooms. They are 66 % more expensive than the average followed by properties with 3 bedrooms with a price at $302 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $403,680 it is 60 % cheaper than the average price in Jamaica Plain. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $928,067 it is 266 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $171 / sq.feet followed by "House" priced at $413 / sq.feet. "Townhouse" is the most costly type of property with a $3,578 / sq.feet cost followed by "Detached House" with an average price of $494 / sq.feet.