The prices in real estate in Bel Air, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Bel Air has increased during the last 6 months. In June, the average price per sq.feet was $159. In the following month the price per sq.feet increased considerably to $259. The price for the following two months in (August, September) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $183 to $162 during October, and November.
Based upon to the price in Bel Air (cities), this has gone downing the last 6 months. The average price for June is $414,873. During July the price had a slight fall till $372,145. In the following two months the average price has remained the same with regard to the previous two months from $393,509 to $384,714. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $411,919 they are 47 % more affordable than the average price for Bel Air. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 1 bedroom priced at $474,467.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $159 / sq.feet, with an average $157 / sq.feet price in Bel Air. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $411,919 it is 36 % cheaper than the average price in Bel Air. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $479,912 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $157 / sq.feet followed by "Land" priced at $161 / sq.feet. "Condo" is the most costly type of property with a $1,443 / sq.feet cost followed by "Townhouse" with an average price of $173 / sq.feet.