Property prices for sale in Chestertown (Maryland)
The prices in real estate in Chestertown, 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 Chestertown has increased strongly during the last 6 months. In October, the average price per sq.feet was $278. In the following month the price per sq.feet decreased to $247. The price for the following two months in (December, January) had a considerable increment of 345 %. The price per sq.feet has had a considerable increase of 444 % 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 $584.5 to $2,597.5 during February, and March.
Based upon to the price in Chestertown (cities), these have remained the same in the last 6 months. The average price for October is $505,363. During November the price had a slight fall till $476,658. During the following two months (December, January) the average price fell 91 % 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 gone up 110 % 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 $534,104 they are 87 % more affordable than the average price for Chestertown. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $586,534.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $155 / sq.feet, with an average $3,928 / sq.feet price in Chestertown. The properties with the lowest average prices have 3 bedrooms. They are 93 % cheaper than the average followed by properties with 4 bedrooms with a price at $275 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $534,104 it is 89 % cheaper than the average price in Chestertown. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $581,576 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $154 / sq.feet followed by "Townhouse" priced at $231 / sq.feet. "Land" is the most costly type of property with a $31,876 / sq.feet cost followed by "House" with an average price of $273 / sq.feet.
