The prices in real estate in New Castle, in the Delaware 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 New Castle has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $1,253. In the following month the price per sq.feet increased to $1,380. The price for the following two months in (August, September) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 18 % 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 $725.25 to $127 during October, and November.
Based upon to the price in New Castle (cities), this has gone up considerably in the last 6 months. In our first sample month during June, the average price is $187,350. In July This price remains at $188,458. During the following two months (August, September) the average price had a considerable increase of 138 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $223,382.5 to $209,543.5 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $195,187 they are 29 % more affordable than the average price for New Castle. The properties with the highest average price have 1 bedroom, Their price is 144 % more costly than the average. After that we have properties with 4 bedrooms priced at $138,563.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $158 / sq.feet, with an average $125 / sq.feet price in New Castle. The properties with the highest average prices have 4 bedrooms. They are 647 % more expensive than the average followed by properties with 1 bedroom with a price at $158 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $195,187 it is 29 % cheaper than the average price in New Castle. "Apartment" is seen as the second most affordable property type. The dearest property type is "Semi-Detached House" followed by "Apartment". At a price of $138,563 it is 167 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Semi-Detached House" at an average cost of $142 / sq.feet followed by "Farm" priced at $929 / sq.feet. "Apartment" is the most costly type of property with a $934 / sq.feet cost followed by "Farm" with an average price of $929 / sq.feet.