The prices in real estate in Gambrills, 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 Gambrills has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $454. In the following month the price per sq.feet decreased considerably to $204. The price for the following two months in (September, October) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $263.75 to $212.5 during November, and December.
Based upon to the price in Gambrills (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $650,712. In August This price remains at $669,885. In the following two months the average price has remained the same with regard to the previous two months from $660,298.5 to $636,119.5. 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 $648,209 and $619,481.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $601,014 they are 16 % more affordable than the average price for Gambrills. The properties with the highest average price have 1 bedroom, Their price is 33 % more costly than the average. After that we have properties with 4 bedrooms priced at $636,736.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $187 / sq.feet, with an average $216 / sq.feet price in Gambrills. The properties with the highest average prices have 2 bedrooms. They are 60 % more expensive than the average followed by properties with 1 bedroom with a price at $236 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $601,014 it is 13 % cheaper than the average price in Gambrills. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Townhouse". At a price of $608,266 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $160 / sq.feet followed by "Farm" priced at $167 / sq.feet. "House" is the cheapest type of property with a $200 / sq.feet value followed by "Townhouse" with an average price of $190 / sq.feet.