The prices in real estate in Thorndale, in the Pennsylvania 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 Thorndale has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $229. In the following month the price per sq.feet decreased to $197. The price for the following two months in (January, February) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 39 % 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 $197.5 to $77 during March, and April.
Based upon to the price in Thorndale (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $385,000. In December This price remains at $396,824. During the following two months (January, February) the average price had a considerable increase of 121 % 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 $432,768.25 to $218,112.5, which means a 50 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $436,225 they are 48 % more affordable than the average price for Thorndale. The properties with the lowest average price have 1 bedroom, Their price is 47 % cheaper than the average. After that we have properties with 2 bedrooms priced at $228,632.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $77 / sq.feet, with an average $154 / sq.feet price in Thorndale. The properties with the lowest average prices have 1 bedroom. They are 44 % cheaper than the average followed by properties with 2 bedrooms with a price at $77 / sq.feet.
With regard to the average price based upon the property in Thorndale we can see that the cheapest property type is "Apartment" at a price of $228,632, they are 48 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 48 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $77 / sq.feet. "Apartment" with an average cost of $77 / sq.feet has the lowest price and would be directed at less affluent cities.