The prices in real estate in Magnolia, in the Delaware region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Magnolia has remained the same in the last 6 months. In February, the average price per sq.feet was $131. In the following month the price per sq.feet decreased to $116. In the following two months the price per sq.feet has barely changed, going from $123.5 to $122.5 per sq.feet. The price per sq.feet has increased 108 % 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 $123 to $133 during June, and July.
Based upon to the price in Magnolia (cities), this has gone downing the last 6 months. The average price for February is $277,843. During March the price had a slight fall till $243,407. During the following two months (April, May) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 $291,791 they are 9 % more affordable than the average price for Magnolia. The properties with the lowest average price have 2 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 1 bedroom priced at $266,840.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $116 / sq.feet, with an average $136 / sq.feet price in Magnolia. The properties with the lowest average prices have 1 bedroom. They are 12 % cheaper than the average followed by properties with 2 bedrooms with a price at $116 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $291,791 it is 13 % cheaper than the average price in Magnolia. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $281,639 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $109 / sq.feet followed by "Townhouse" priced at $111 / sq.feet. "House" is the cheapest type of property with a $116 / sq.feet value followed by "Townhouse" with an average price of $111 / sq.feet.