The prices in real estate in Ipswich, in the Massachusetts 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 Ipswich has increased strongly during the last 6 months. In October, the average price per sq.feet was $393. In the following month the price per sq.feet increased to $447. In the following two months the price per sq.feet has increased 115 %, going from $420 to $482.5 per sq.feet. The price per sq.feet has had a considerable increase of 119 % 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 $451.25 to $539 during February, and March.
Based upon to the price in Ipswich (cities), this has gone up considerably in the last 6 months. The price in October is $917,766, rising in November till $1,021,570. During the following two months (December, January) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 154 % 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 $1,531,264 they are 82 % more affordable than the average price for Ipswich. The properties with the lowest average price have 3 bedrooms, Their price is 32 % cheaper than the average. After that we have properties with 4 bedrooms priced at $1,030,250.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $378 / sq.feet, with an average $550 / sq.feet price in Ipswich. The properties with the lowest average prices have 3 bedrooms. They are 23 % cheaper than the average followed by properties with 4 bedrooms with a price at $414 / sq.feet.
With regard to the average price based upon the property in Ipswich we can see that the cheapest property type is "House" at a price of $935,215, they are 39 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 39 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $406 / sq.feet. "House" with an average cost of $406 / sq.feet has the lowest price and would be directed at less affluent cities.