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 July, the average price per sq.feet was $983. In the following month the price per sq.feet decreased considerably to $283. The price for the following two months in (September, October) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 66 % 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 $486.75 to $320.5 during November, and December.
Based upon to the price in South Yarmouth (cities), this has gone up in the last 6 months. The price in July is $455,774, rising in August till $494,724. During the following two months (September, October) the price has had an average incrementation from $475,249 to $543,152. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $509,200.5 to $470,647.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $478,061 they are 53 % more affordable than the average price for South Yarmouth. The properties with the highest average price have 4 bedrooms, Their price is 95 % more costly than the average. After that we have properties with 3 bedrooms priced at $558,992.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $289 / sq.feet, with an average $330 / sq.feet price in South Yarmouth. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $391 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $478,061 it is 47 % cheaper than the average price in South Yarmouth. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Farm". At a price of $495,994 it is 4 % 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 $274 / sq.feet followed by "Duplex" priced at $316 / sq.feet. "House" is the most costly type of property with a $80,178 / sq.feet cost followed by "Farm" with an average price of $422 / sq.feet.