The prices in real estate in Orleans, 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 Orleans has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $5,185. In the following month the price per sq.feet increased to $5,540. The price for the following two months in (July, August) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 49 % 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 $5,059.75 to $2,464.5 during September, and October.
Based upon to the price in Orleans (cities), this has gone up considerably in the last 6 months. The price in May is $1,035,973, rising in June till $1,161,924. During the following two months (July, August) the price has had an average incrementation from $1,098,948.5 to $1,179,355.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 $1,395,145 they are 77 % more affordable than the average price for Orleans. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $895,071.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $433 / sq.feet, with an average $577 / sq.feet price in Orleans. The properties with the highest average prices have 4 bedrooms. They are 1457 % more expensive than the average followed by properties with 3 bedrooms with a price at $4,164 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,395,145 it is 55 % cheaper than the average price in Orleans. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $632,432 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $1,645 / sq.feet followed by "House" priced at $4,995 / sq.feet. "House" is the most costly type of property with a $4,995 / sq.feet cost followed by "Condo" with an average price of $1,645 / sq.feet.