The prices in real estate in North Providence, in the Rhode Island 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 North Providence has increased strongly during the last 6 months. In January, the average price per sq.feet was $148. In the following month the price per sq.feet decreased to $140. The price for the following two months in (March, April) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has had a considerable increase of 334 % 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 $131.75 to $440.5 during May, and June.
Based upon to the price in North Providence (cities), this has gone up in the last 6 months. In our first sample month during January, the average price is $233,349. In February This price remains at $240,143. During the following two months (March, April) the price has had an average incrementation from $236,746 to $251,818. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $269,383 they are 50 % more affordable than the average price for North Providence. The properties with the highest average price have 4 bedrooms, Their price is 0 % more costly than the average. After that we have properties with 3 bedrooms priced at $266,218.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $90 / sq.feet, with an average $465 / sq.feet price in North Providence. The properties with the lowest average prices have 2 bedrooms. They are 72 % cheaper than the average followed by properties with 3 bedrooms with a price at $131 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $269,383 it is 54 % cheaper than the average price in North Providence. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $217,313 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $140 / sq.feet followed by "Townhouse" priced at $142 / sq.feet. "House" is the cheapest type of property with a $271 / sq.feet value followed by "Condo" with an average price of $159 / sq.feet.