The prices in real estate in Indian Head, in the Maryland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Indian Head has fallen in the last 6 months. In February, the average price per sq.feet was $131. In March this price pretty much remained the same at a value of $128 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $129.5 to $147 per sq.feet. The price per sq.feet has had a considerable deflation of 71 % 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 $138.25 to $98.5 during June, and July.
Based upon to the price in Indian Head (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $223,132. In March This price remains at $216,686. During the following two months (April, May) the average price had a considerable increase of 118 % 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 $239,519.5 to $159,253, which means a 66 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $185,446 they are 54 % more affordable than the average price for Indian Head. The properties with the highest average price have 4 bedrooms, Their price is 124 % more costly than the average. After that we have properties with 3 bedrooms priced at $290,875.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $91 / sq.feet, with an average $122 / sq.feet price in Indian Head. The properties with the highest average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 3 bedrooms with a price at $142 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $185,446 it is 77 % cheaper than the average price in Indian Head. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $225,912 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $31 / sq.feet followed by "Townhouse" priced at $72 / sq.feet. "Land" is the cheapest type of property with a $120 / sq.feet value followed by "House" with an average price of $116 / sq.feet.