The prices in real estate in Air Tawar, in the Penang 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 Air Tawar has increased strongly during the last 6 months. In October, the average price per sq.feet was RM 287. In November this price pretty much remained the same at a value of RM 300 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 293.5 to RM 292.5 per sq.feet. The price per sq.feet has had a considerable increase of 4920 % 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 RM 293 to RM 14,415 during February, and March.
Based upon to the price in Air Tawar (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is RM 731,470. In November This price remains at RM 763,293. During the following two months (December, January) the average price had a considerable reduction of 85 % 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 gone up 107 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 15 % cheaper than the average price of RM 656,135 in Air Tawar. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 15 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 15 % cheaper than the average price of (RM 295 / sq.feet) in Air Tawar. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 15 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Air Tawar we can see that the cheapest property type is "Residential House" at a price of RM 656,135, they are 15 % more affordable than the average price of (!PRECIO2!). "Residential House" has the lowest price. This price is 15 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Residential House with an average price of RM 295 / sq.feet. "Residential House" with an average cost of RM 295 / sq.feet has the lowest price and would be directed at less affluent cities.