Property prices for sale in Boston (Massachusetts)
The prices in real estate in Boston, in the Massachusetts region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Boston has increased during the last 6 months. In November, the average price per sq.feet was $855. In the following month the price per sq.feet increased to $974. In the following two months the price per sq.feet has barely changed, going from $914.5 to $904 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 $909.25 to $960 during March, and April.
Based upon to the price in Boston (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $1,148,622. During December the price went through a considerable rise reaching $1,647,401. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,359,173.75 and $1,342,437 between 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 $1,375,600 they are 38 % more affordable than the average price for Boston. The properties with the highest average price have 4 bedrooms, Their price is 69 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,713,076.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $876 / sq.feet, with an average $950 / sq.feet price in Boston. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,042 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,375,600 it is 2 % cheaper than the average price in Boston. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $1,586,824 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $811 / sq.feet followed by "Townhouse" priced at $1,070 / sq.feet. "Apartment" is the most costly type of property with a $6,396 / sq.feet cost followed by "Condo" with an average price of $1,086 / sq.feet.
