Property prices for sale in Newfoundland (Pennsylvania)
The prices in real estate in Newfoundland, 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 Newfoundland has increased strongly during the last 6 months. In October, the average price per sq.feet was $555. In the following month the price per sq.feet decreased considerably to $188. The price for the following two months in (December, January) had a considerable increment of 166 %. The price per sq.feet has had a considerable increase of 313 % 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 $494.25 to $1,549 during February, and March.
Based upon to the price in Newfoundland (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $392,321. In November This price remains at $406,479. During the following two months (December, January) the average price fell 86 % 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 126 % 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 $573,072 they are 87 % more affordable than the average price for Newfoundland. The properties with the lowest average price have 4 bedrooms, Their price is 28 % cheaper than the average. After that we have properties with 3 bedrooms priced at $284,441.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $155 / sq.feet, with an average $1,506 / sq.feet price in Newfoundland. The properties with the lowest average prices have 2 bedrooms. They are 88 % cheaper than the average followed by properties with 1 bedroom with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $573,072 it is 64 % cheaper than the average price in Newfoundland. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $220,284 it is 47 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $155 / sq.feet followed by "Commercial" priced at $1,843 / sq.feet. "Land" is the most costly type of property with a $10,783 / sq.feet cost followed by "Commercial" with an average price of $1,843 / sq.feet.
