The prices in real estate in South Yarmouth, 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 Yarmouth has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $3,582. In the following month the price per sq.feet increased considerably to $4,213. The price for the following two months in (June, July) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 11 % 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 $2,964.5 to $315 during August, and September.
Based upon to the price in South Yarmouth (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $436,682. In May This price remains at $415,789. During the following two months (June, July) the price has had an average incrementation from $426,235.5 to $457,527.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % 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 $614,274 they are 50 % more affordable than the average price for South Yarmouth. The properties with the highest average price have 3 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 4 bedrooms priced at $608,300.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $191 / sq.feet, with an average $347 / sq.feet price in South Yarmouth. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $334 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $614,274 it is 57 % cheaper than the average price in South Yarmouth. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $499,088 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $259 / sq.feet followed by "Duplex" priced at $319 / sq.feet. "Farm" is the most costly type of property with a $425 / sq.feet cost followed by "House" with an average price of $373 / sq.feet.