The prices in real estate in Baltimore, in the Maryland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Baltimore has increased strongly during the last 6 months. In January, the average price per sq.feet was $116. In the following month the price per sq.feet increased to $130. The price for the following two months in (March, April) had a considerable increment of 120 %. The price per sq.feet has had a considerable increase of 135 % 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 $135.25 to $182.5 during May, and June.
Based upon to the price in Baltimore (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $197,056. In February This price remains at $194,712. During the following two months (March, April) the average price had a considerable increase of 124 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % 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 $248,210 they are 19 % more affordable than the average price for Baltimore. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 2 bedrooms priced at $224,063.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $167 / sq.feet, with an average $174 / sq.feet price in Baltimore. The properties with the highest average prices have 1 bedroom. They are 515 % more expensive than the average followed by properties with 4 bedrooms with a price at $268 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $248,210 it is 23 % cheaper than the average price in Baltimore. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $322,465 it is 115 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $127 / sq.feet followed by "House" priced at $143 / sq.feet. "Condo" is the most costly type of property with a $264 / sq.feet cost followed by "Townhouse" with an average price of $234 / sq.feet.