Property prices for sale in Belmont (Massachusetts)
The prices in real estate in Belmont, in the Massachusetts 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 Belmont has increased during the last 6 months. In November, the average price per sq.feet was $577. In December this price pretty much remained the same at a value of $602 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $589.5 to $617 per sq.feet. The price per sq.feet has increased 105 % 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 $603.25 to $635 during March, and April.
Based upon to the price in Belmont (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $1,562,132. In December This price remains at $1,503,783. In the following two months the average price has remained the same with regard to the previous two months from $1,532,957.5 to $1,469,479. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $1,566,707 they are 60 % more affordable than the average price for Belmont. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,108,473.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $556 / sq.feet, with an average $626 / sq.feet price in Belmont. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $635 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,566,707 it is 56 % cheaper than the average price in Belmont. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $2,003,498 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $547 / sq.feet followed by "Condo" priced at $567 / sq.feet. "Townhouse" is the most costly type of property with a $751 / sq.feet cost followed by "Apartment" with an average price of $590 / sq.feet.
