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 August, the average price per sq.feet was $513. In September this price pretty much remained the same at a value of $521 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $517 to $538.5 per sq.feet. The price per sq.feet has increased 108 % 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 $527.75 to $569.5 during December, and January.
Based upon to the price in East Boston (cities), this has gone up in the last 6 months. The price in August is $641,591, rising in September till $719,200. In the following two months the average price has remained the same with regard to the previous two months from $680,395.5 to $709,692.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $743,691 they are 29 % more affordable than the average price for East Boston. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $714,839.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $444 / sq.feet, with an average $583 / sq.feet price in East Boston. The properties with the highest average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at $592 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $743,691 it is 36 % 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 $605,734 it is 17 % 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 $398 / sq.feet followed by "Duplex" priced at $682 / sq.feet. "Condo" is the most costly type of property with a $696 / sq.feet cost followed by "Duplex" with an average price of $682 / sq.feet.