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 March, the average price per sq.feet was $640. In the following month the price per sq.feet decreased considerably to $175. The price for the following two months in (May, June) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 57 % 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 $291.5 to $166.5 during July, and August.
Based upon to the price in Pittsburgh (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $386,461. During April the price went through a considerable rise reaching $513,459. In the following two months the average price has remained the same with regard to the previous two months from $449,960 to $464,233.5. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $477,944 in Pittsburgh. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of ($165 / sq.feet) in Pittsburgh. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Pittsburgh we can see that the cheapest property type is "House" at a price of $477,944, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $165 / sq.feet. "House" with an average cost of $165 / sq.feet has the lowest price and would be directed at less affluent cities.