Property prices for sale in Chesapeake City (Maryland)
The prices in real estate in Chesapeake City, 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 City has increased strongly during the last 6 months. In November, the average price per sq.feet was $247. In the following month the price per sq.feet decreased to $215. The price for the following two months in (January, February) had a considerable increment of 1082 %. The price per sq.feet has had a considerable deflation of 21 % 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 $1,365.75 to $288.5 during March, and April.
Based upon to the price in Chesapeake City (cities), this has gone up in the last 6 months. The average price for November is $522,247. During December the price had a considerable reduction till $389,072. During the following two months (January, February) the average price had a considerable increase of 125 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $690,459 they are 70 % more affordable than the average price for Chesapeake City. The properties with the highest average price have 3 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 4 bedrooms priced at $852,151.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $207 / sq.feet, with an average $311 / sq.feet price in Chesapeake City. The properties with the highest average prices have 3 bedrooms. They are 51 % more expensive than the average followed by properties with 4 bedrooms with a price at $281 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $690,459 it is 63 % cheaper than the average price in Chesapeake City. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $314,106 it is 77 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $71 / sq.feet followed by "Land" priced at $100 / sq.feet. "House" is the most costly type of property with a $345 / sq.feet cost followed by "Duplex" with an average price of $102 / sq.feet.
