The prices in real estate in Seward, in the Alaska 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 Seward has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $19,819. In the following month the price per sq.feet decreased considerably to $3,623. The price for the following two months in (May, June) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 27 % 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 $6,919.5 to $1,839.5 during July, and August.
Based upon to the price in Seward (cities), this has fallen considerably in the last 6 months. The average price for March is $669,373. During April the price had a considerable reduction till $468,819. During the following two months (May, June) the average price fell 90 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $541,218.75 to $402,236, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $394,451 they are 29 % more affordable than the average price for Seward. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 2 bedrooms priced at $411,565.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $139 / sq.feet, with an average $2,929 / sq.feet price in Seward. The properties with the lowest average prices have 2 bedrooms. They are 89 % cheaper than the average followed by properties with 1 bedroom with a price at $316 / sq.feet.
With regard to the average price based upon the property in Seward we can see that the cheapest property type is "House" at a price of $387,007, they are 2 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 2 % 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 $210 / sq.feet. "House" with an average cost of $210 / sq.feet has the lowest price and would be directed at less affluent cities.