The prices in real estate in Merion Station, in the Pennsylvania region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Merion Station has increased strongly during the last 6 months. In July, the average price per sq.feet was $235. In August this price pretty much remained the same at a value of $241 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $238 to $262 per sq.feet. The price per sq.feet has had a considerable increase of 58280 % 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 $250 to $145,700 during November, and December.
Based upon to the price in Merion Station (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $962,375. In August This price remains at $916,654. During the following two months (September, October) the average price had a considerable reduction of 83 % 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 231 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,534,833 they are 72 % more affordable than the average price for Merion Station. The properties with the lowest average price have 1 bedroom, Their price is 72 % cheaper than the average. After that we have properties with 2 bedrooms priced at $701,848.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $208 / sq.feet, with an average $291,100 / sq.feet price in Merion Station. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $208 / sq.feet.
With regard to the average price based upon the property in Merion Station we can see that the cheapest property type is "House" at a price of $701,848, they are 72 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 72 % 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 $208 / sq.feet. "House" with an average cost of $208 / sq.feet has the lowest price and would be directed at less affluent cities.