The prices in real estate in Medina, in the Washington 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 Medina has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,193. In the following month the price per sq.feet decreased considerably to $1,700. The price for the following two months in (December, January) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $1,771.75 to $1,616 during February, and March.
Based upon to the price in Medina (cities), this has gone up in the last 6 months. The average price for October is $8,162,500. During November the price had a considerable reduction till $6,250,412. During the following two months (December, January) the average price had a considerable increase of 136 % 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 gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $8,777,139 they are 51 % more affordable than the average price for Medina. The properties with the lowest average price have 1 bedroom, Their price is 20 % cheaper than the average. After that we have properties with 4 bedrooms priced at $4,270,571.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $912 / sq.feet, with an average $1,517 / sq.feet price in Medina. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 4 bedrooms with a price at $912 / sq.feet.
With regard to the average price based upon the property in Medina we can see that the cheapest property type is "House" at a price of $4,270,571, they are 51 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 51 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $912 / sq.feet. "House" with an average cost of $912 / sq.feet has the lowest price and would be directed at less affluent cities.