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 September, the average price per sq.feet was $99. In the following month the price per sq.feet decreased to $93. In the following two months the price per sq.feet has barely changed, going from $96 to $96.5 per sq.feet. The price per sq.feet has had a considerable increase of 153 % 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 $96.25 to $147.5 during January, and February.
Based upon to the price in Bangor (cities), this has gone downing the last 6 months. The average price for September is $205,779. During October the price had a slight fall till $188,684. During the following two months (November, December) the average price fell 86 % 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 $183,672.25 and $189,636 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $186,488 they are 43 % more affordable than the average price for Bangor. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $150,293.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $29 / sq.feet, with an average $201 / sq.feet price in Bangor. The properties with the highest average prices have 3 bedrooms. They are 59 % more expensive than the average followed by properties with 4 bedrooms with a price at $274 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $186,488 it is 34 % cheaper than the average price in Bangor. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $174,259 it is 393 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $99 / sq.feet followed by "Commercial" priced at $140 / sq.feet. "Apartment" is the most costly type of property with a $626 / sq.feet cost followed by "House" with an average price of $248 / sq.feet.