The prices in real estate in Swarthmore, in the Pennsylvania region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Swarthmore has increased strongly during the last 6 months. In November, the average price per sq.feet was $218. In the following month the price per sq.feet increased considerably to $251. In the following two months the price per sq.feet has barely changed, going from $234.5 to $236 per sq.feet. The price per sq.feet has had a considerable increase of 214 % 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 $235.25 to $503.5 during March, and April.
Based upon to the price in Swarthmore (cities), this has gone up considerably in the last 6 months. The price in November is $405,493, rising in December till $460,203. During the following two months (January, February) the average price had a considerable increase of 128 % 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 186 % 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 $890,009 they are 22 % more affordable than the average price for Swarthmore. The properties with the highest average price have 3 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 4 bedrooms priced at $937,986.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $235 / sq.feet, with an average $471 / sq.feet price in Swarthmore. The properties with the highest average prices have 3 bedrooms. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $532 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $890,009 it is 74 % cheaper than the average price in Swarthmore. "Detached House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $877,890 it is 4 % 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 $187 / sq.feet followed by "Detached House" priced at $264 / sq.feet. "Condo" is the most costly type of property with a $554 / sq.feet cost followed by "House" with an average price of $391 / sq.feet.