Property prices for sale in Boston (Massachusetts)
The prices in real estate in Boston, in the Massachusetts region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Boston has fallen in the last 6 months. In October, the average price per sq.feet was $1,012. In the following month the price per sq.feet decreased considerably to $855. In the following two months the price per sq.feet has increased 106 %, going from $933.5 to $988.5 per sq.feet. The price per sq.feet has decreased 92 % 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 $961 to $887.5 during February, and March.
Based upon to the price in Boston (cities), this has fallen considerably in the last 6 months. The average price for October is $1,756,949. During November the price had a considerable reduction till $1,148,622. In the following two months the average price has remained the same with regard to the previous two months from $1,452,785.5 to $1,487,895. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $1,470,340.25 to $1,310,778.5 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 $1,309,274 they are 39 % more affordable than the average price for Boston. The properties with the highest average price have 4 bedrooms, Their price is 107 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,972,162.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $950 / sq.feet, with an average $970 / sq.feet price in Boston. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $1,049 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,309,274 it is 10 % cheaper than the average price in Boston. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $1,705,259 it is 46 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $707 / sq.feet followed by "Townhouse" priced at $1,028 / sq.feet. "Apartment" is the most costly type of property with a $9,518 / sq.feet cost followed by "Condo" with an average price of $1,059 / sq.feet.
