The prices in real estate in Chesapeake Beach, in the Maryland 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 Chesapeake Beach has increased during the last 6 months. In August, the average price per sq.feet was $163. In September this price pretty much remained the same at a value of $169 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $166 to $178.5 per sq.feet. The price per sq.feet has increased 105 % 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 $172.25 to $181 during December, and January.
Based upon to the price in Chesapeake Beach (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $371,599. In September This price remains at $357,989. In the following two months the average price has remained the same with regard to the previous two months from $364,794 to $360,389. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 10 % cheaper than the average price of $347,258 in Chesapeake Beach. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 10 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7 % cheaper than the average price of ($167 / sq.feet) in Chesapeake Beach. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $384,412 it is 32 % cheaper than the average price in Chesapeake Beach. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $262,242 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $167 / sq.feet followed by "Condo" priced at $47,767 / sq.feet. "Condo" is the most costly type of property with a $47,767 / sq.feet cost followed by "House" with an average price of $167 / sq.feet.