The prices in real estate in Port Richey, 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 Port Richey has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $562. In the following month the price per sq.feet decreased considerably to $123. The price for the following two months in (September, October) had a considerable decrease of 36 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 55 % 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 $232.5 to $127.5 during November, and December.
Based upon to the price in Port Richey (cities), this has fallen considerably in the last 6 months. The average price for July is $532,086. During August the price had a considerable reduction till $158,937. During the following two months (September, October) the average price had a considerable reduction of 47 % 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 $254,719 to $181,090.5, which means a 71 % 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 $188,080 they are 271 % more expensive than the average price for Port Richey. Following this ranking we find those properties with 1 at an average price of $703,603. The properties with the highest average price have 3 bedrooms, Their price is 533 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,129,295.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $202 / sq.feet, with an average $130 / sq.feet price in Port Richey. The properties with the highest average prices have 3 bedrooms. They are 1312 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,131 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $188,080 it is 21 % cheaper than the average price in Port Richey. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $187,749 it is 327 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $94 / sq.feet followed by "Condo" priced at $99 / sq.feet. "House" is the most costly type of property with a $39,845 / sq.feet cost followed by "Apartment" with an average price of $124 / sq.feet.