The prices in real estate in Warrington, 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 Warrington has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $21,894. In the following month the price per sq.feet decreased considerably to $2,092. The price for the following two months in (November, December) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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 $6,122.5 to $240 during January, and February.
Based upon to the price in Warrington (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $557,059. In October This price remains at $536,243. During the following two months (November, December) the price has had an average incrementation from $546,651 to $575,789. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $611,184 they are 50 % more affordable than the average price for Warrington. The properties with the lowest average price have 1 bedroom, Their price is 6 % cheaper than the average. After that we have properties with 4 bedrooms priced at $526,243.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $149 / sq.feet, with an average $238 / sq.feet price in Warrington. The properties with the lowest average prices have 2 bedrooms. They are 18 % cheaper than the average followed by properties with 1 bedroom with a price at $192 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $611,184 it is 41 % cheaper than the average price in Warrington. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $402,446 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $137 / sq.feet followed by "Duplex" priced at $143 / sq.feet. "House" is the cheapest type of property with a $181 / sq.feet value followed by "Townhouse" with an average price of $160 / sq.feet.