The prices in real estate in Prospect Park, 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 Prospect Park has increased strongly during the last 6 months. In May, the average price per sq.feet was $117. In the following month the price per sq.feet increased considerably to $140. The price for the following two months in (July, August) had a considerable increment of 198 %. The price per sq.feet has had a considerable deflation of 66 % 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 $191.5 to $125.5 during September, and October.
Based upon to the price in Prospect Park (cities), these have remained the same in the last 6 months. The average price for May is $213,194. During June the price had a slight fall till $193,537. In the following two months the average price has remained the same with regard to the previous two months from $203,365.5 to $212,957.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $208,161.5 and $206,950 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $197,106 they are 32 % more affordable than the average price for Prospect Park. The properties with the lowest average price have 3 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 1 bedroom priced at $133,253.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $89 / sq.feet, with an average $122 / sq.feet price in Prospect Park. The properties with the highest average prices have 3 bedrooms. They are 110 % more expensive than the average followed by properties with 1 bedroom with a price at $89 / 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 $171,234, they are 13 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 13 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $256 / sq.feet. "House" at an average price of $256 / sq.feet has the most expensive price and would be directed at more affluent cities.