The prices in real estate in Reinholds, 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 Reinholds has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,089. In the following month the price per sq.feet decreased considerably to $205. The price for the following two months in (December, January) had a considerable increment of 175 %. The price per sq.feet has increased 109 % 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 $1,575.5 to $1,718 during February, and March.
Based upon to the price in Reinholds (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $379,638. In November This price remains at $384,067. During the following two months (December, January) the price has had an average incrementation from $381,852.5 to $408,923.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $395,388 to $360,990 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $373,557 they are 52 % more affordable than the average price for Reinholds. The properties with the highest average price have 3 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 2 bedrooms priced at $325,031.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $173 / sq.feet price in Reinholds. The properties with the highest average prices have 3 bedrooms. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $187 / sq.feet.
With regard to the average price based upon the property in Reinholds we can see that the cheapest property type is "House" at a price of $257,120, they are 31 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 31 % 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 $70 / sq.feet. "House" with an average cost of $70 / sq.feet has the lowest price and would be directed at less affluent cities.