The prices in real estate in Bethesda, in the Maryland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Bethesda has fallen in the last 6 months. In July, the average price per sq.feet was $405. In August this price pretty much remained the same at a value of $394 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $399.5 to $388.5 per sq.feet. The price per sq.feet has decreased 90 % 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 $394 to $356.5 during November, and December.
Based upon to the price in Bethesda (cities), this has gone downing the last 6 months. The average price for July is $1,028,013. During August the price had a slight fall till $912,644. In the following two months the average price has remained the same with regard to the previous two months from $970,328.5 to $947,355. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $958,841.75 to $852,526 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $827,767 they are 66 % more affordable than the average price for Bethesda. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $891,070.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $369 / sq.feet, with an average $359 / sq.feet price in Bethesda. The properties with the highest average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 3 bedrooms with a price at $419 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $827,767 it is 54 % cheaper than the average price in Bethesda. "Farm" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Duplex". At a price of $1,410,933 it is 71 % 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 $374 / sq.feet followed by "House" priced at $382 / sq.feet. "Office" is the most costly type of property with a $4,162 / sq.feet cost followed by "Farm" with an average price of $814 / sq.feet.