The prices in real estate in Ellsworth, in the Maine 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 Ellsworth has increased strongly during the last 6 months. In September, the average price per sq.feet was $121. In the following month the price per sq.feet increased to $138. The price for the following two months in (November, December) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 278 % 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 $144 to $401 during January, and February.
Based upon to the price in Ellsworth (cities), these have remained the same in the last 6 months. The price in September is $286,860, rising in October till $302,598. During the following two months (November, December) the average price had a considerable increase of 122 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $327,175 to $236,846, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $196,573 they are 2 % more expensive than the average price for Ellsworth. Following this ranking we find those properties with 1 at an average price of $276,723. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at $295,198.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $501 / sq.feet price in Ellsworth. The properties with the highest average prices have 1 bedroom. They are 363 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,766 / sq.feet.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $196,573 it is 16 % cheaper than the average price in Ellsworth. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $283,650 it is 200 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $118 / sq.feet followed by "Multi Family House" priced at $193 / sq.feet. "House" is the cheapest type of property with a $490 / sq.feet value followed by "Commercial" with an average price of $410 / sq.feet.