Property prices for sale in Providence (Rhode Island)
The prices in real estate in Providence, in the Rhode Island region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Providence has fallen in the last 6 months. In November, the average price per sq.feet was $241. In December this price pretty much remained the same at a value of $237 per sq.feet. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $229.25 to $214.5 during March, and April.
Based upon to the price in Providence (cities), these have remained the same in the last 6 months. The price in November is $499,681, rising in December till $535,186. During the following two months (January, February) the average price fell 93 % 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 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $534,897 they are 28 % more affordable than the average price for Providence. The properties with the lowest average price have 3 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 4 bedrooms priced at $492,395.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $229 / sq.feet, with an average $242 / sq.feet price in Providence. The properties with the highest average prices have 1 bedroom. They are 79 % more expensive than the average followed by properties with 2 bedrooms with a price at $362 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $534,897 it is 45 % cheaper than the average price in Providence. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $643,863 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $188 / sq.feet followed by "House" priced at $221 / sq.feet. "Land" is the most costly type of property with a $8,024 / sq.feet cost followed by "Condo" with an average price of $378 / sq.feet.
