The prices in real estate in Germantown, 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 Germantown has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $364. In the following month the price per sq.feet decreased considerably to $192. The price for the following two months in (September, October) had a considerable decrease of 70 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 $236.5 to $191.5 during November, and December.
Based upon to the price in Germantown (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $340,491. In August This price remains at $343,945. During the following two months (September, October) the price has had an average incrementation from $342,218 to $359,420. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $378,534 they are 61 % more affordable than the average price for Germantown. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $341,441.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $184 / sq.feet, with an average $188 / sq.feet price in Germantown. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $199 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $378,534 it is 19 % cheaper than the average price in Germantown. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Duplex". At a price of $442,798 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $204 / sq.feet followed by "Condo" priced at $210 / sq.feet. "Office" is the most costly type of property with a $29,047 / sq.feet cost followed by "Duplex" with an average price of $20,911 / sq.feet.