The prices in real estate in Chesapeake Beach, in the Maryland 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 Chesapeake Beach has increased strongly during the last 6 months. In March, the average price per sq.feet was $174. In April this price pretty much remained the same at a value of $168 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 344 %. The price per sq.feet has had a considerable deflation of 46 % 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 $379.5 to $174.5 during July, and August.
Based upon to the price in Chesapeake Beach (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $358,977. During April the price went through a considerable rise reaching $436,225. During the following two months (May, June) the price has had an average incrementation from $397,601 to $437,262.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $417,431.75 to $374,384 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $388,427 they are 32 % more affordable than the average price for Chesapeake Beach. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $384,267.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $156 / sq.feet, with an average $168 / sq.feet price in Chesapeake Beach. The properties with the highest average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $388,427 it is 21 % cheaper than the average price in Chesapeake Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $344,831 it is 4 % 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 $150 / sq.feet followed by "Townhouse" priced at $160 / sq.feet. "House" is the most costly type of property with a $174 / sq.feet cost followed by "Townhouse" with an average price of $160 / sq.feet.