The prices in real estate in Pacific, in the Missouri 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 Pacific has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $844. In the following month the price per sq.feet decreased considerably to $680. The price for the following two months in (April, May) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 26 % 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 $595.75 to $152.5 during June, and July.
Based upon to the price in Pacific (cities), this has fallen considerably in the last 6 months. The average price for February is $3,245,850. During March the price had a considerable reduction till $2,398,188. During the following two months (April, May) the average price had a considerable reduction of 34 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,886,926.25 to $416,270.5, which means a 22 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $276,470 they are 62 % more affordable than the average price for Pacific. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $298,756.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $109 / sq.feet, with an average $135 / sq.feet price in Pacific. The properties with the highest average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $139 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $276,470 it is 14 % more expensive than the average price in Pacific. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $316,090 it is 128 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $181 / sq.feet followed by "Condo" priced at $36,710 / sq.feet. "Condo" is the most costly type of property with a $36,710 / sq.feet cost followed by "House" with an average price of $181 / sq.feet.