The prices in real estate in South Hadley, 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 South Hadley has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $162. In the following month the price per sq.feet increased considerably to $197. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 196 % 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 $89.75 to $176 during July, and August.
Based upon to the price in South Hadley (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during March, is $308,391. During April the price went through a considerable rise reaching $389,933. During the following two months (May, June) the average price had a considerable reduction of 0 % 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 risen strongly 165 % 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 $291,046 they are 26 % more affordable than the average price for South Hadley. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 3 bedrooms priced at $421,180.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $168 / sq.feet, with an average $176 / sq.feet price in South Hadley. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 4 bedrooms with a price at $173 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $291,046 it is 22 % cheaper than the average price in South Hadley. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $302,458 it is 15 % 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 $160 / sq.feet followed by "Condo" priced at $163 / sq.feet. "House" is the most costly type of property with a $198 / sq.feet cost followed by "Condo" with an average price of $163 / sq.feet.