The prices in real estate in Beltsville, 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 Beltsville has increased strongly during the last 6 months. In January, the average price per sq.feet was $177. In the following month the price per sq.feet increased to $188. The price for the following two months in (March, April) had a considerable increment of 2194 %. The price per sq.feet has had a considerable increase of 311 % 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 $2,093.5 to $6,507.5 during May, and June.
Based upon to the price in Beltsville (cities), this has gone up in the last 6 months. The price in January is $303,944, rising in February till $332,602. During the following two months (March, April) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $343,860.25 to $278,993.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $239,357 they are 59 % more affordable than the average price for Beltsville. The properties with the highest average price have 4 bedrooms, Their price is 73 % more costly than the average. After that we have properties with 3 bedrooms priced at $285,192.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $8,577 / sq.feet price in Beltsville. The properties with the lowest average prices have 3 bedrooms. They are 98 % cheaper than the average followed by properties with 4 bedrooms with a price at $181 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most costly one. At an cost of $239,357 it is 27 % more expensive than the average price in Beltsville. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Townhouse". At a price of $327,153 it is 64 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $148 / sq.feet followed by "Townhouse" priced at $172 / sq.feet. "House" is the cheapest type of property with a $263 / sq.feet value followed by "Townhouse" with an average price of $172 / sq.feet.