The prices in real estate in East Boston, in the Massachusetts region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in East Boston has increased during the last 6 months. In April, the average price per sq.feet was $469. In May this price pretty much remained the same at a value of $471 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $470 to $500.5 per sq.feet. The price per sq.feet has increased 107 % 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 $485.25 to $517 during August, and September.
Based upon to the price in East Boston (cities), this has gone up in the last 6 months. The price in April is $668,560, rising in May till $747,750. In the following two months the average price has remained the same with regard to the previous two months from $708,155 to $701,767. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $704,961 and $680,395.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $719,200 they are 33 % more affordable than the average price for East Boston. The properties with the lowest average price have 1 bedroom, Their price is 30 % cheaper than the average. After that we have properties with 4 bedrooms priced at $480,608.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $392 / sq.feet, with an average $521 / sq.feet price in East Boston. The properties with the lowest average prices have 4 bedrooms. They are 23 % cheaper than the average followed by properties with 1 bedroom with a price at $392 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $719,200 it is 33 % cheaper than the average price in East Boston. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Duplex". At a price of $608,165 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $402 / sq.feet followed by "Duplex" priced at $686 / sq.feet. "Condo" is the most costly type of property with a $695 / sq.feet cost followed by "Duplex" with an average price of $686 / sq.feet.