The prices in real estate in Biddeford, in the Maine 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 Biddeford has increased strongly during the last 6 months. In November, the average price per sq.feet was $411. In the following month the price per sq.feet decreased to $386. In the following two months the price per sq.feet has increased 114 %, going from $398.5 to $454.5 per sq.feet. The price per sq.feet has had a considerable increase of 279 % 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 $426.5 to $1,188.5 during March, and April.
Based upon to the price in Biddeford (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $640,399. In December This price remains at $669,804. In the following two months the average price has remained the same with regard to the previous two months from $655,101.5 to $686,204. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $670,652.75 to $631,108.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $618,628 they are 55 % more affordable than the average price for Biddeford. The properties with the highest average price have 3 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 4 bedrooms priced at $759,431.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $283 / sq.feet, with an average $1,124 / sq.feet price in Biddeford. The properties with the highest average prices have 4 bedrooms. They are 309 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,231 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $618,628 it is 60 % cheaper than the average price in Biddeford. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $681,837 it is 105 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $414 / sq.feet followed by "Condo" priced at $595 / sq.feet. "Land" is the most costly type of property with a $2,706 / sq.feet cost followed by "House" with an average price of $1,535 / sq.feet.