The prices in real estate in Wellsboro, 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 Wellsboro has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,744. In the following month the price per sq.feet decreased considerably to $1,005. The price for the following two months in (December, January) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable increase of 242 % 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 $989.25 to $2,395 during February, and March.
Based upon to the price in Wellsboro (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $260,541. In November This price remains at $271,639. During the following two months (December, January) the average price had a considerable increase of 144 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $324,516.5 to $307,612 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $274,948 they are 42 % more affordable than the average price for Wellsboro. The properties with the highest average price have 4 bedrooms, Their price is 104 % more costly than the average. After that we have properties with 2 bedrooms priced at $191,433.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $58 / sq.feet, with an average $3,198 / sq.feet price in Wellsboro. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 3 bedrooms with a price at $66 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $274,948 it is 35 % cheaper than the average price in Wellsboro. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $178,843 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $39 / sq.feet followed by "House" priced at $66 / sq.feet. "House" is the cheapest type of property with a $66 / sq.feet value followed by "Commercial" with an average price of $39 / sq.feet.