The prices in real estate in Edgartown, 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 Edgartown has increased strongly during the last 6 months. In March, the average price per sq.feet was $935. In the following month the price per sq.feet increased considerably to $1,125. In the following two months the price per sq.feet has barely changed, going from $1,030 to $1,073 per sq.feet. The price per sq.feet has had a considerable increase of 612 % 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 $1,051.5 to $6,438 during July, and August.
Based upon to the price in Edgartown (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $2,543,867. During April the price went through a considerable rise reaching $3,320,452. During the following two months (May, June) the average price had a considerable increase of 117 % 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 88 %, going from $3,177,104.75 to $2,803,675.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,028,468 they are 82 % more affordable than the average price for Edgartown. The properties with the lowest average price have 4 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,739,916.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $584 / sq.feet, with an average $4,951 / sq.feet price in Edgartown. The properties with the highest average prices have 3 bedrooms. They are 105 % more expensive than the average followed by properties with 4 bedrooms with a price at $7,943 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $3,028,468 it is 77 % cheaper than the average price in Edgartown. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,722,375 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $708 / sq.feet followed by "Land" priced at $2,953 / sq.feet. "House" is the most costly type of property with a $6,082 / sq.feet cost followed by "Land" with an average price of $2,953 / sq.feet.