The prices in real estate in Pottstown, in the Pennsylvania region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Pottstown has increased strongly during the last 6 months. In April, the average price per sq.feet was $154. In the following month the price per sq.feet decreased considerably to $124. The price for the following two months in (June, July) had a considerable increment of 529 %. The price per sq.feet has had a considerable deflation of 35 % 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 $437.5 to $154.5 during August, and September.
Based upon to the price in Pottstown (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $218,366. During May the price went through a considerable rise reaching $282,857. During the following two months (June, July) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $322,904 they are 57 % more affordable than the average price for Pottstown. The properties with the lowest average price have 4 bedrooms, Their price is 23 % cheaper than the average. After that we have properties with 3 bedrooms priced at $193,131.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $90 / sq.feet, with an average $149 / sq.feet price in Pottstown. The properties with the highest average prices have 4 bedrooms. They are 82 % more expensive than the average followed by properties with 1 bedroom with a price at $172 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $322,904 it is 64 % cheaper than the average price in Pottstown. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $249,738 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 $73 / sq.feet followed by "Farm" priced at $100 / sq.feet. "Apartment" is the most costly type of property with a $1,180 / sq.feet cost followed by "House" with an average price of $135 / sq.feet.