The prices in real estate in Pittsburgh, in the Pennsylvania 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 Pittsburgh has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $196. In the following month the price per sq.feet decreased to $178. In the following two months the price per sq.feet has barely changed, going from $187 to $183 per sq.feet. The price per sq.feet has had a considerable deflation of 45 % 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 $185 to $84 during November, and December.
Based upon to the price in Pittsburgh (cities), this has fallen considerably in the last 6 months. The average price for July is $470,903. During August the price had a considerable reduction till $318,836. In the following two months the average price has remained the same with regard to the previous two months from $394,869.5 to $399,630. During the last two months the average price has had a strong fall compared to the previous four going from $397,249.75 to $285,420.5, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $271,326 they are 14 % more affordable than the average price for Pittsburgh. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 1 bedroom priced at $317,718.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $64 / sq.feet, with an average $82 / sq.feet price in Pittsburgh. The properties with the highest average prices have 1 bedroom. They are 335 % more expensive than the average followed by properties with 2 bedrooms with a price at $232 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $271,326 it is 46 % more expensive than the average price in Pittsburgh. "Land" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Office". At a price of $456,913 it is 249 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $129 / sq.feet followed by "Office" priced at $134 / sq.feet. "Condo" is the most costly type of property with a $484 / sq.feet cost followed by "House" with an average price of $153 / sq.feet.