The prices in real estate in Norwood, in the Massachusetts 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 Norwood has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $3,049. In the following month the price per sq.feet decreased considerably to $262. The price for the following two months in (September, October) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 29 % 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 $966.25 to $283 during November, and December.
Based upon to the price in Norwood (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $425,614. In August This price remains at $442,232. During the following two months (September, October) the price has had an average incrementation from $433,923 to $470,358.5. 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 4 bedrooms are the cheapest ones. At a price of $464,958 they are 15 % more affordable than the average price for Norwood. The properties with the lowest average price have 1 bedroom, Their price is 0 % cheaper than the average. After that we have properties with 4 bedrooms priced at $395,018.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $1,529 / sq.feet, with an average $288 / sq.feet price in Norwood. The properties with the highest average prices have 4 bedrooms. They are 516 % more expensive than the average followed by properties with 1 bedroom with a price at $1,529 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $464,958 it is 24 % cheaper than the average price in Norwood. "Land" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Land". At a price of $393,044 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $1,763 / sq.feet followed by "Apartment" priced at $1,773 / sq.feet. "Townhouse" is the most costly type of property with a $1,913 / sq.feet cost followed by "Apartment" with an average price of $1,773 / sq.feet.