The prices in real estate in North Versailles, 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 North Versailles has increased strongly during the last 6 months. In October, the average price per sq.feet was $110. In November this price pretty much remained the same at a value of $111 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 633 %. The price per sq.feet has had a considerable increase of 159 % 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 $405 to $644.5 during February, and March.
Based upon to the price in North Versailles (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $138,630. In November This price remains at $141,885. During the following two months (December, January) the average price had a considerable increase of 686 % 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 165 % 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 $698,304 they are 86 % more affordable than the average price for North Versailles. The properties with the lowest average price have 4 bedrooms, Their price is 63 % cheaper than the average. After that we have properties with 3 bedrooms priced at $149,667.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $46 / sq.feet, with an average $494 / sq.feet price in North Versailles. The properties with the lowest average prices have 4 bedrooms. They are 73 % cheaper than the average followed by properties with 3 bedrooms with a price at $130 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $698,304 it is 90 % cheaper than the average price in North Versailles. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $100,163 it is 80 % 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 $16 / sq.feet followed by "Farm" priced at $17 / sq.feet. "Apartment" is the most costly type of property with a $727 / sq.feet cost followed by "Townhouse" with an average price of $720 / sq.feet.