The prices in real estate in Paoli, in the Pennsylvania region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Paoli has fallen in the last 6 months. In October, the average price per sq.feet was $307. In November this price pretty much remained the same at a value of $306 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $306.5 to $296.5 per sq.feet. The price per sq.feet has decreased 91 % 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 $301.5 to $274 during February, and March.
Based upon to the price in Paoli (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $600,269. During November the price went through a considerable rise reaching $759,322. In the following two months the average price has remained the same with regard to the previous two months from $679,795.5 to $699,251.5. During the last two months the average price has had a strong fall compared to the previous four going from $689,523.5 to $568,000, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $544,118 they are 5 % more expensive than the average price for Paoli. Following this ranking we find those properties with 3 at an average price of $580,596. The properties with the highest average price have 1 bedroom, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $580,596.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $211 / sq.feet, with an average $288 / sq.feet price in Paoli. The properties with the lowest average prices have 1 bedroom. They are 15 % cheaper than the average followed by properties with 3 bedrooms with a price at $231 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $544,118 it is 23 % cheaper than the average price in Paoli. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $517,945 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $145 / sq.feet followed by "Detached House" priced at $164 / sq.feet. "Apartment" is the cheapest type of property with a $211 / sq.feet value followed by "Detached House" with an average price of $164 / sq.feet.