Property prices for sale in Delmar (Maryland)
The prices in real estate in Delmar, 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 Delmar has increased strongly during the last 6 months. In October, the average price per sq.feet was $3,221. In the following month the price per sq.feet decreased considerably to $156. The price for the following two months in (December, January) had a considerable increment of 158 %. The price per sq.feet has had a considerable increase of 330 % 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 $2,180 to $7,191 during February, and March.
Based upon to the price in Delmar (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $316,061. In November This price remains at $329,136. During the following two months (December, January) the price has had an average incrementation from $322,598.5 to $339,484.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $331,041.5 to $295,588.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $287,248 they are 29 % more affordable than the average price for Delmar. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $264,909.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $59 / sq.feet, with an average $9,984 / sq.feet price in Delmar. The properties with the lowest average prices have 4 bedrooms. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $101 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $287,248 it is 35 % cheaper than the average price in Delmar. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $241,626 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $56 / sq.feet followed by "Townhouse" priced at $64 / sq.feet. "House" is the cheapest type of property with a $102 / sq.feet value followed by "Townhouse" with an average price of $64 / sq.feet.
