The prices in real estate in Pinellas Park, in the Florida 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 Pinellas Park has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $518. In the following month the price per sq.feet decreased considerably to $135. The price for the following two months in (June, July) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 54 % 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 $282.5 to $151.5 during August, and September.
Based upon to the price in Pinellas Park (cities), this has fallen considerably in the last 6 months. The average price for April is $578,173. During May the price had a considerable reduction till $252,846. During the following two months (June, July) the average price had a considerable reduction of 75 % 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 $362,645.5 to $212,088, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $224,235 they are 48 % more affordable than the average price for Pinellas Park. The properties with the highest average price have 4 bedrooms, Their price is 99 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,198.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $125 / sq.feet, with an average $146 / sq.feet price in Pinellas Park. The properties with the highest average prices have 3 bedrooms. They are 37 % more expensive than the average followed by properties with 4 bedrooms with a price at $186 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $224,235 it is 39 % cheaper than the average price in Pinellas Park. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $167,389 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $114 / sq.feet followed by "House" priced at $163 / sq.feet. "Commercial" is the most costly type of property with a $1,814 / sq.feet cost followed by "House" with an average price of $163 / sq.feet.