The prices in real estate in Baltimore, in the Ohio 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 Baltimore has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,427. In the following month the price per sq.feet decreased considerably to $191. The price for the following two months in (December, January) had a considerable decrease of 15 with regard to the prior two months. The price per sq.feet has had a considerable increase of 436 % 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 $750.5 to $3,269 during February, and March.
Based upon to the price in Baltimore (cities), these have remained the same in the last 6 months. The average price for October is $477,276. During November the price had a considerable reduction till $398,106. In the following two months the average price has remained the same with regard to the previous two months from $437,691 to $441,920. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $534,289 they are 78 % more affordable than the average price for Baltimore. The properties with the lowest average price have 4 bedrooms, Their price is 0 % cheaper than the average. After that we have properties with 3 bedrooms priced at $346,613.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $52 / sq.feet, with an average $3,434 / sq.feet price in Baltimore. The properties with the lowest average prices have 3 bedrooms. They are 97 % cheaper than the average followed by properties with 4 bedrooms with a price at $94 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $534,289 it is 56 % cheaper than the average price in Baltimore. "Farm" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "House". At a price of $235,346 it is 54 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $74 / sq.feet followed by "House" priced at $77 / sq.feet. "House" is the cheapest type of property with a $77 / sq.feet value followed by "Farm" with an average price of $74 / sq.feet.