Property prices for sale in Annapolis (Maryland)
The prices in real estate in Annapolis, in the Maryland 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 Annapolis has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $822. In the following month the price per sq.feet decreased considerably to $376. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. 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 $581 to $401 during February, and March.
Based upon to the price in Annapolis (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $877,026. In November This price remains at $849,334. During the following two months (December, January) the average price had a considerable reduction of 83 % with regard to the previous two months. 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 $788,402.75 and $817,905 between 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 $822,985 they are 53 % more affordable than the average price for Annapolis. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $722,906.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $379 / sq.feet, with an average $436 / sq.feet price in Annapolis. The properties with the highest average prices have 4 bedrooms. They are 105 % more expensive than the average followed by properties with 1 bedroom with a price at $522 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $822,985 it is 46 % cheaper than the average price in Annapolis. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $1,046,061 it is 92 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $329 / sq.feet followed by "Townhouse" priced at $361 / sq.feet. "Land" is the most costly type of property with a $321,056 / sq.feet cost followed by "House" with an average price of $980 / sq.feet.
