Property prices for sale in Edgartown (Massachusetts)
The prices in real estate in Edgartown, in the Massachusetts region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Edgartown has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $14,388. In November this price pretty much remained the same at a value of $13,969 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 76 % 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 $11,400.75 to $8,627.5 during February, and March.
Based upon to the price in Edgartown (cities), these have remained the same in the last 6 months. The price in October is $4,525,681, rising in November till $4,783,093. In the following two months the average price has remained the same with regard to the previous two months from $4,654,387 to $4,422,130.5. 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 $4,538,259 to $3,977,269 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,411,294 they are 68 % more affordable than the average price for Edgartown. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,518,227.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $3,242 / sq.feet, with an average $10,667 / sq.feet price in Edgartown. The properties with the lowest average prices have 1 bedroom. They are 13 % cheaper than the average followed by properties with 4 bedrooms with a price at $8,237 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $3,411,294 it is 57 % 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 $2,373,333 it is 20 % 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 $2,554 / sq.feet followed by "House" priced at $7,554 / sq.feet. "Land" is the most costly type of property with a $55,811 / sq.feet cost followed by "House" with an average price of $7,554 / sq.feet.
