The prices in real estate in Latrobe, 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 Latrobe has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $132. In the following month the price per sq.feet decreased considerably to $44. The price for the following two months in (November, December) had a considerable decrease of 14 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 21 % 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 $50.25 to $10.5 during January, and February.
Based upon to the price in Latrobe (cities), this has fallen considerably in the last 6 months. The average price for September is $238,455. During October the price had a considerable reduction till $186,340. During the following two months (November, December) the average price had a considerable reduction of 53 % 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 $162,862.5 to $111,161.5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $114,214 they are 110 % more expensive than the average price for Latrobe. Following this ranking we find those properties with 4 at an average price of $271,030. The properties with the highest average price have 3 bedrooms, Their price is 160 % more costly than the average. After that we have properties with 4 bedrooms priced at $271,030.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $83 / sq.feet, with an average $11 / sq.feet price in Latrobe. The properties with the highest average prices have 4 bedrooms. They are 22382 % more expensive than the average followed by properties with 3 bedrooms with a price at $113 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most costly one. At an cost of $114,214 it is 135 % more expensive than the average price in Latrobe. "Duplex" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $271,030 it is 209 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $128 / sq.feet followed by "Office" priced at $2,449 / sq.feet. "House" is the most costly type of property with a $2,473 / sq.feet cost followed by "Duplex" with an average price of $2,467 / sq.feet.