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 October, the average price per sq.feet was $490. In the following month the price per sq.feet increased to $549. The price for the following two months in (December, January) had a considerable increment of 119 %. The price per sq.feet has increased 105 % 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 $568.25 to $597.5 during February, and March.
Based upon to the price in Jamaica Plain (cities), this has gone up in the last 6 months. The price in October is $741,492, rising in November till $849,163. During the following two months (December, January) the price has had an average incrementation from $795,327.5 to $863,664. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $829,495.75 to $758,052 in February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 11 % cheaper than the average price of $643,066 in Jamaica Plain. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 11 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5 % cheaper than the average price of ($531 / sq.feet) in Jamaica Plain. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 5 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $721,229 it is 14 % cheaper than the average price in Jamaica Plain. "Triplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $643,066 it is 8 % 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 $522 / sq.feet followed by "Condo" priced at $526 / sq.feet. "Townhouse" is the most costly type of property with a $3,770 / sq.feet cost followed by "House" with an average price of $2,503 / sq.feet.