The prices in real estate in Ayer Itam, in the Penang region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Ayer Itam has remained the same in the last 6 months. In September, the average price per sq.feet was RM 459. In October this price pretty much remained the same at a value of RM 454 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 456.5 to RM 454 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 455.25 to RM 463.5 during January y February
Based upon to the price in Ayer Itam (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is RM 596,850. In October This price remains at RM 619,450. In the following two months the average price has remained the same with regard to the previous two months from RM 608,150 to RM 594,194. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from RM 601,172 to RM 548,799 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 486,988 they are 84 % more affordable than the average price for Ayer Itam. The properties with the highest average price have 4 bedrooms, Their price is 54 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 396,356.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of RM 200 / sq.feet, with an average RM 461 / sq.feet price in Ayer Itam. The properties with the lowest average prices have 3 bedrooms. They are 1 % cheaper than the average followed by properties with 4 bedrooms with a price at RM 453 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 486,988 it is 63 % cheaper than the average price in Ayer Itam. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Semi Detached House". At a price of RM 948,710 it is 124 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of RM 290 / sq.feet followed by "Semi Detached House" priced at RM 369 / sq.feet. "House" is the most costly type of property with a RM 519 / sq.feet cost followed by "Condominium" with an average price of RM 500 / sq.feet.