The prices in real estate in Revere, in the Massachusetts 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 Revere has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $2,051. In the following month the price per sq.feet decreased to $1,896. The price for the following two months in (July, August) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 15 % 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 $1,527.25 to $223 during September, and October.
Based upon to the price in Revere (cities), this has gone up in the last 6 months. The price in May is $390,208, rising in June till $414,228. In the following two months the average price has remained the same with regard to the previous two months from $402,218 to $420,215.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $407,296 they are 28 % more affordable than the average price for Revere. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $402,427.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $233 / sq.feet, with an average $236 / sq.feet price in Revere. The properties with the highest average prices have 2 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at $272 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $407,296 it is 19 % cheaper than the average price in Revere. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $360,327 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $180 / sq.feet followed by "House" priced at $239 / sq.feet. "Condo" is the most costly type of property with a $1,330 / sq.feet cost followed by "Duplex" with an average price of $1,320 / sq.feet.