Property prices for sale in Orleans (Massachusetts)
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 November, the average price per sq.feet was $4,394. In the following month the price per sq.feet decreased considerably to $1,939. The price for the following two months in (January, February) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $2,611.25 to $2,086.5 during March, and April.
Based upon to the price in Orleans (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $1,228,037. In December This price remains at $1,277,247. During the following two months (January, February) the average price had a considerable increase of 150 % 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 126 % 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 $1,903,614 they are 87 % more affordable than the average price for Orleans. The properties with the lowest average price have 4 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,336,327.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $360 / sq.feet, with an average $1,160 / sq.feet price in Orleans. The properties with the highest average prices have 4 bedrooms. They are 294 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,759 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,903,614 it is 81 % 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 $365,763 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $356 / sq.feet followed by "House" priced at $3,834 / sq.feet. "House" is the most costly type of property with a $3,834 / sq.feet cost followed by "Condo" with an average price of $356 / sq.feet.
