The prices in real estate in Lititz, 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 Lititz has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $257. In the following month the price per sq.feet decreased considerably to $151. The price for the following two months in (September, October) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has decreased 87 % 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 $178 to $155.5 during November, and December.
Based upon to the price in Lititz (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $405,725. In August This price remains at $409,903. In the following two months the average price has remained the same with regard to the previous two months from $407,814 to $404,526.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $466,456 they are 40 % more affordable than the average price for Lititz. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 1 bedroom priced at $340,695.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $158 / sq.feet price in Lititz. The properties with the highest average prices have 3 bedrooms. They are 137 % more expensive than the average followed by properties with 1 bedroom with a price at $163 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $466,456 it is 38 % cheaper than the average price in Lititz. "Land" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $525,300 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $152 / sq.feet followed by "Land" priced at $156 / sq.feet. "Condo" is the most costly type of property with a $1,451 / sq.feet cost followed by "House" with an average price of $159 / sq.feet.