The prices in real estate in Berlin, 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 Berlin has increased during the last 6 months. In July, the average price per sq.feet was $242. In the following month the price per sq.feet increased to $260. In the following two months the price per sq.feet has barely changed, going from $251 to $258.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $254.75 to $248 during November y December
Based upon to the price in Berlin (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $458,140. During August the price went through a considerable rise reaching $615,911. During the following two months (September, October) the price has had an average incrementation from $537,025.5 to $583,199. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $560,112.25 to $530,080.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $549,500 they are 65 % more affordable than the average price for Berlin. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $419,001.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $235 / sq.feet, with an average $250 / sq.feet price in Berlin. The properties with the highest average prices have 1 bedroom. They are 80 % more expensive than the average followed by properties with 4 bedrooms with a price at $265 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $549,500 it is 48 % cheaper than the average price in Berlin. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $320,640 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $176 / sq.feet followed by "Condo" priced at $220 / sq.feet. "House" is the most costly type of property with a $255 / sq.feet cost followed by "Condo" with an average price of $220 / sq.feet.