The prices in real estate in West Greenwich, in the Rhode Island 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 West Greenwich has increased strongly during the last 6 months. In April, the average price per sq.feet was $170. In the following month the price per sq.feet increased to $186. The price for the following two months in (June, July) had a considerable increment of 204 %. The price per sq.feet has had a considerable deflation of 69 % 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 $270.25 to $187 during August, and September.
Based upon to the price in West Greenwich (cities), this has gone up in the last 6 months. The price in April is $413,087, rising in May till $457,812. During the following two months (June, July) the price has had an average incrementation from $435,449.5 to $473,991. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $454,720.25 and $465,841 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $463,396 they are 24 % more affordable than the average price for West Greenwich. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $354,103.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $151 / sq.feet, with an average $187 / sq.feet price in West Greenwich. The properties with the lowest average prices have 1 bedroom. They are 11 % cheaper than the average followed by properties with 3 bedrooms with a price at $151 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $463,396 it is 24 % cheaper than the average price in West Greenwich. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $354,103 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $151 / sq.feet followed by "Apartment" priced at $166 / sq.feet. "Apartment" is the cheapest type of property with a $166 / sq.feet value followed by "House" with an average price of $151 / sq.feet.