The prices in real estate in Monaca, 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 Monaca has increased strongly during the last 6 months. In January, the average price per sq.feet was $52. In the following month the price per sq.feet increased considerably to $67. The price for the following two months in (March, April) had a considerable increment of 239 %. The price per sq.feet has had a considerable increase of 174 % 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 $100.75 to $175 during May, and June.
Based upon to the price in Monaca (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $213,425. In February This price remains at $215,582. During the following two months (March, April) the average price had a considerable increase of 144 % 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 122 % 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 $322,725 they are 59 % more affordable than the average price for Monaca. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $259,071.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $102 / sq.feet, with an average $182 / sq.feet price in Monaca. The properties with the lowest average prices have 1 bedroom. They are 31 % cheaper than the average followed by properties with 4 bedrooms with a price at $118 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $322,725 it is 53 % cheaper than the average price in Monaca. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $227,302 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $65 / sq.feet followed by "House" priced at $108 / sq.feet. "Townhouse" is the cheapest type of property with a $126 / sq.feet value followed by "House" with an average price of $108 / sq.feet.