The prices in real estate in Berwick, in the Maine region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Berwick has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $223. In the following month the price per sq.feet decreased to $192. The price for the following two months in (January, February) decreased 88 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $194.75 to $180.5 during March, and April.
Based upon to the price in Berwick (cities), this has gone downing the last 6 months. The price in November is $399,986, rising in December till $427,279. During the following two months (January, February) the average price had a considerable reduction of 83 % 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 $377,693.75 to $307,817, 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 $307,259 they are 33 % more affordable than the average price for Berwick. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $297,561.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $173 / sq.feet price in Berwick. The properties with the highest average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 3 bedrooms with a price at $164 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $307,259 it is 25 % cheaper than the average price in Berwick. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $230,423 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $142 / sq.feet followed by "Land" priced at $285 / sq.feet. "Land" is the most costly type of property with a $285 / sq.feet cost followed by "House" with an average price of $142 / sq.feet.