The prices in real estate in Baltimore, in the Maryland 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 Baltimore has fallen in the last 6 months. In October, the average price per sq.feet was $183. In the following month the price per sq.feet decreased to $172. In the following two months the price per sq.feet has barely changed, going from $177.5 to $171 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 $174.25 to $168 during February y March
Based upon to the price in Baltimore (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $300,545. In November This price remains at $301,569. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $291,700 to $276,354.5 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 $279,354 they are 35 % more affordable than the average price for Baltimore. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 2 bedrooms priced at $238,042.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $161 / sq.feet, with an average $155 / sq.feet price in Baltimore. The properties with the highest average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $279,354 it is 12 % cheaper than the average price in Baltimore. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $391,696 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $156 / sq.feet followed by "Townhouse" priced at $173 / sq.feet. "Land" is the most costly type of property with a $121,963 / sq.feet cost followed by "Condo" with an average price of $251 / sq.feet.