The prices in real estate in Monaca, 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 Monaca has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $135. In the following month the price per sq.feet decreased to $118. The price for the following two months in (November, December) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 53 % 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 $111.75 to $59.5 during January, and February.
Based upon to the price in Monaca (cities), these have remained the same in the last 6 months. The price in September is $252,449, rising in October till $270,177. During the following two months (November, December) the average price had a considerable increase of 118 % 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 $285,022.75 to $214,503.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $215,582 they are 39 % more affordable than the average price for Monaca. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $260,112.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $106 / sq.feet, with an average $67 / sq.feet price in Monaca. The properties with the highest average prices have 1 bedroom. They are 93 % more expensive than the average followed by properties with 4 bedrooms with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $215,582 it is 29 % cheaper than the average price in Monaca. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $228,215 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial Property" at an average cost of $69 / sq.feet followed by "House" priced at $112 / sq.feet. "Townhouse" is the most costly type of property with a $130 / sq.feet cost followed by "House" with an average price of $112 / sq.feet.