The prices in real estate in District Heights, 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 District Heights has increased strongly during the last 6 months. In February, the average price per sq.feet was $191. In March this price pretty much remained the same at a value of $190 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 1309 %. The price per sq.feet has had a considerable deflation of 14 % 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 $1,341.75 to $188 during June, and July.
Based upon to the price in District Heights (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $250,455. In March This price remains at $250,423. During the following two months (April, May) the average price had a considerable increase of 120 % 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 $275,339 to $225,864, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $241,394 they are 3 % more affordable than the average price for District Heights. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 1 bedroom priced at $234,400.
With regard to the average prices per sq.feet those properties with 1 bedroom are 6 % cheaper than the average price of ($190 / sq.feet) in District Heights. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 6 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $241,394 it is 45 % cheaper than the average price in District Heights. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $132,893 it is 45 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $1,238 / sq.feet followed by "Condo" priced at $1,248 / sq.feet. "Apartment" is the most costly type of property with a $1,250 / sq.feet cost followed by "Condo" with an average price of $1,248 / sq.feet.