The prices in real estate in North Kingstown, in the Rhode Island 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 North Kingstown has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $3,085. In the following month the price per sq.feet increased to $3,320. The price for the following two months in (June, July) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 54 % 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 $2,826.25 to $1,532.5 during August, and September.
Based upon to the price in North Kingstown (cities), this has gone up in the last 6 months. The price in April is $440,479, rising in May till $469,571. In the following two months the average price has remained the same with regard to the previous two months from $455,025 to $471,530. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $503,754 they are 41 % more affordable than the average price for North Kingstown. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $431,153.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $269 / sq.feet, with an average $971 / sq.feet price in North Kingstown. The properties with the highest average prices have 4 bedrooms. They are 234 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,690 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $503,754 it is 39 % cheaper than the average price in North Kingstown. "Land" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $564,829 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $179 / sq.feet followed by "Condo" priced at $209 / sq.feet. "House" is the most costly type of property with a $1,002 / sq.feet cost followed by "Land" with an average price of $805 / sq.feet.