The prices in real estate in Prospect Park, 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 Prospect Park has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $132,881. In the following month the price per sq.feet decreased considerably to $9,518. The price for the following two months in (October, November) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 21 % 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 $37,840.75 to $8,079 during December, and January.
Based upon to the price in Prospect Park (cities), this has fallen considerably in the last 6 months. The average price for August is $286,550. During September the price had a considerable reduction till $193,983. During the following two months (October, November) the average price fell 91 % 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 risen strongly 115 % 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 $266,244 they are 50 % more affordable than the average price for Prospect Park. The properties with the lowest average price have 3 bedrooms, Their price is 37 % cheaper than the average. After that we have properties with 1 bedroom priced at $132,586.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $79 / sq.feet, with an average $11,507 / sq.feet price in Prospect Park. The properties with the lowest average prices have 3 bedrooms. They are 98 % cheaper than the average followed by properties with 1 bedroom with a price at $84 / sq.feet.
With regard to the average price based upon the property in Prospect Park we can see that the cheapest property type is "House" at a price of $168,675, they are 37 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 37 % 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 $241 / sq.feet. "House" with an average cost of $241 / sq.feet has the lowest price and would be directed at less affluent cities.