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 February, the average price per sq.feet was $433. In March this price pretty much remained the same at a value of $414 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 143 %. The price per sq.feet has had a considerable increase of 167 % 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 $513.5 to $856 during June, and July.
Based upon to the price in Bethany Beach (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $733,437. In March This price remains at $731,942. In the following two months the average price has remained the same with regard to the previous two months from $732,689.5 to $746,050. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $785,541 they are 30 % more affordable than the average price for Bethany Beach. The properties with the highest average price have 1 bedroom, Their price is 15 % more costly than the average. After that we have properties with 4 bedrooms priced at $882,272.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $311 / sq.feet, with an average $402 / sq.feet price in Bethany Beach. The properties with the highest average prices have 1 bedroom. They are 572 % more expensive than the average followed by properties with 2 bedrooms with a price at $436 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $785,541 it is 4 % cheaper than the average price in Bethany Beach. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $753,615 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $393 / sq.feet followed by "House" priced at $1,849 / sq.feet. "House" is the most costly type of property with a $1,849 / sq.feet cost followed by "Condo" with an average price of $393 / sq.feet.