The prices in real estate in Delmar, in the Delaware 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 Delmar has increased strongly during the last 6 months. In October, the average price per sq.feet was $463. In the following month the price per sq.feet increased considerably to $1,638. The price for the following two months in (December, January) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable increase of 553 % 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 $667 to $3,689.5 during February, and March.
Based upon to the price in Delmar (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $347,735. During November the price went through a considerable rise reaching $560,747. In the following two months the average price has remained the same with regard to the previous two months from $454,241 to $460,905.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $457,573.25 to $429,670 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $443,197 they are 56 % more affordable than the average price for Delmar. The properties with the lowest average price have 1 bedroom, Their price is 56 % cheaper than the average. After that we have properties with 2 bedrooms priced at $196,028.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $65 / sq.feet, with an average $6,877 / sq.feet price in Delmar. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $65 / sq.feet.
With regard to the average price based upon the property in Delmar we can see that the cheapest property type is "House" at a price of $196,028, they are 56 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 56 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $65 / sq.feet. "House" with an average cost of $65 / sq.feet has the lowest price and would be directed at less affluent cities.