The prices in real estate in Ellicott City, in the Maryland 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 Ellicott City has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $344. In the following month the price per sq.feet decreased considerably to $205. The price for the following two months in (September, October) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $240.5 to $198.5 during November, and December.
Based upon to the price in Ellicott City (cities), these have remained the same in the last 6 months. The price in July is $550,322, rising in August till $602,303. In the following two months the average price has remained the same with regard to the previous two months from $576,312.5 to $566,385. 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 $571,348.75 and $558,509.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $504,844 they are 11 % more expensive than the average price for Ellicott City. Following this ranking we find those properties with 1 at an average price of $563,664. The properties with the highest average price have 1 bedroom, Their price is 12 % more costly than the average. After that we have properties with 4 bedrooms priced at $560,849.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $203 / sq.feet, with an average $196 / sq.feet price in Ellicott City. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 4 bedrooms with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $504,844 it is 1 % cheaper than the average price in Ellicott City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Farm". At a price of $501,826 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $203 / sq.feet followed by "Farm" priced at $207 / sq.feet. "Farm" is the most costly type of property with a $207 / sq.feet cost followed by "Apartment" with an average price of $203 / sq.feet.