Property prices for sale in Chesapeake Beach (Maryland)
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 October, the average price per sq.feet was $236. In the following month the price per sq.feet decreased to $212. The price for the following two months in (December, January) had a considerable increment of 364 %. The price per sq.feet has had a considerable increase of 676 % 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 $519.75 to $3,513 during February, and March.
Based upon to the price in Chesapeake Beach (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $476,784. In November This price remains at $493,542. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $472,713.75 to $381,090.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $372,925 they are 16 % more affordable than the average price for Chesapeake Beach. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 1 bedroom priced at $420,764.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $193 / sq.feet, with an average $4,690 / sq.feet price in Chesapeake Beach. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 2 bedrooms with a price at $273 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $372,925 it is 33 % 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 "Apartment". At a price of $398,436 it is 39 % 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 $215 / sq.feet followed by "Detached House" priced at $227 / sq.feet. "Condo" is the most costly type of property with a $45,413 / sq.feet cost followed by "Townhouse" with an average price of $33,849 / sq.feet.
