Property prices for sale in Bangor (Maine)
The prices in real estate in Bangor, in the Maine 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 Bangor has increased strongly during the last 6 months. In October, the average price per sq.feet was $354. In the following month the price per sq.feet increased considerably to $485. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable increase of 299 % 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 $323.25 to $966 during February, and March.
Based upon to the price in Bangor (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $294,287. In November This price remains at $285,425. In the following two months the average price has remained the same with regard to the previous two months from $289,856 to $280,207.5. 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 $285,031.75 and $278,435 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 $290,705 they are 50 % more affordable than the average price for Bangor. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $283,333.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $204 / sq.feet, with an average $1,581 / sq.feet price in Bangor. The properties with the lowest average prices have 3 bedrooms. They are 72 % cheaper than the average followed by properties with 4 bedrooms with a price at $367 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $290,705 it is 73 % cheaper than the average price in Bangor. "Commercial" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $294,303 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $180 / sq.feet followed by "Condo" priced at $234 / sq.feet. "Land" is the most costly type of property with a $2,433 / sq.feet cost followed by "House" with an average price of $1,145 / sq.feet.
