The prices in real estate in Bethany Beach, in the Delaware 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 Bethany Beach has increased strongly during the last 6 months. In July, the average price per sq.feet was $402. In the following month the price per sq.feet increased considerably to $500. In the following two months the price per sq.feet has barely changed, going from $451 to $460 per sq.feet. The price per sq.feet has increased 106 % 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 $455.5 to $483.5 during November, and December.
Based upon to the price in Bethany Beach (cities), this has gone up considerably in the last 6 months. The price in July is $785,541, rising in August till $845,571. During the following two months (September, October) the average price had a considerable increase of 115 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $1,057,192 they are 67 % more affordable than the average price for Bethany Beach. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 3 bedrooms priced at $811,456.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $423 / sq.feet, with an average $516 / sq.feet price in Bethany Beach. The properties with the highest average prices have 3 bedrooms. They are 11 % more expensive than the average followed by properties with 1 bedroom with a price at $482 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,057,192 it is 45 % cheaper than the average price in Bethany Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $836,299 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $545 / sq.feet followed by "House" priced at $569 / sq.feet. "Land" is the most costly type of property with a $3,571 / sq.feet cost followed by "Townhouse" with an average price of $2,476 / sq.feet.