The prices in real estate in Jamaica Plain, 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 Jamaica Plain has increased strongly during the last 6 months. In March, the average price per sq.feet was $536. In April this price pretty much remained the same at a value of $559 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 2240 %. The price per sq.feet has had a considerable increase of 166 % 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 $6,405.75 to $10,602.5 during July, and August.
Based upon to the price in Jamaica Plain (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $941,414. In April This price remains at $969,656. During the following two months (May, June) the average price had a considerable increase of 1402 % 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 157 % 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 $6,763,818 they are 95 % more affordable than the average price for Jamaica Plain. The properties with the lowest average price have 4 bedrooms, Their price is 84 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,049,667.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $430 / sq.feet, with an average $6,518 / sq.feet price in Jamaica Plain. The properties with the lowest average prices have 3 bedrooms. They are 89 % cheaper than the average followed by properties with 2 bedrooms with a price at $605 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $6,763,818 it is 92 % cheaper than the average price in Jamaica Plain. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $632,212 it is 90 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Triplex" at an average cost of $505 / sq.feet followed by "Apartment" priced at $507 / sq.feet. "Townhouse" is the cheapest type of property with a $3,702 / sq.feet value followed by "Condo" with an average price of $2,497 / sq.feet.