Property prices for sale in Berlin (Maryland)
The prices in real estate in Berlin, 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 Berlin has increased strongly during the last 6 months. In October, the average price per sq.feet was $313. In the following month the price per sq.feet increased considerably to $404. The price for the following two months in (December, January) had a considerable increment of 159 %. The price per sq.feet has had a considerable increase of 131 % 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 $463.5 to $605 during February, and March.
Based upon to the price in Berlin (cities), these have remained the same in the last 6 months. The average price for October is $508,014. During November the price had a slight fall till $479,198. In the following two months the average price has remained the same with regard to the previous two months from $493,606 to $517,266. 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 $505,436 and $511,056.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $494,640 they are 51 % 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 $430,801.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $261 / sq.feet, with an average $927 / sq.feet price in Berlin. The properties with the lowest average prices have 3 bedrooms. They are 54 % cheaper than the average followed by properties with 1 bedroom with a price at $281 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $494,640 it is 27 % cheaper than the average price in Berlin. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $510,605 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $210 / sq.feet followed by "Detached House" priced at $265 / sq.feet. "Land" is the most costly type of property with a $2,617 / sq.feet cost followed by "House" with an average price of $468 / sq.feet.
