The prices in real estate in East Boston, in the Massachusetts 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 East Boston has increased strongly during the last 6 months. In June, the average price per sq.feet was $410. In the following month the price per sq.feet increased to $458. The price for the following two months in (August, September) had a considerable increment of 116 %. 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 $468.75 to $505.5 during October, and November.
Based upon to the price in East Boston (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $744,642. In July This price remains at $711,335. During the following two months (August, September) the average price fell 92 % with regard to the previous two months. 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 $699,320.25 to $620,704 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $636,833 they are 25 % more affordable than the average price for East Boston. The properties with the lowest average price have 1 bedroom, Their price is 3 % 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 4 bedrooms are the cheapest ones at a cost of $402 / sq.feet, with an average $532 / sq.feet price in East Boston. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 4 bedrooms with a price at $402 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $636,833 it is 25 % 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 $614,285 it is 3 % 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 $696 / sq.feet. "Condo" is the most costly type of property with a $700 / sq.feet cost followed by "Duplex" with an average price of $696 / sq.feet.