The prices in real estate in Joppa, in the Maryland 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 Joppa has increased strongly during the last 6 months. In October, the average price per sq.feet was $218. In November this price pretty much remained the same at a value of $222 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $220 to $214 per sq.feet. The price per sq.feet has had a considerable increase of 270 % 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 $217 to $586.5 during February, and March.
Based upon to the price in Joppa (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $408,395. In November This price remains at $397,452. In the following two months the average price has remained the same with regard to the previous two months from $402,923.5 to $385,527. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $394,225.25 and $405,795 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 43 % cheaper than the average price of $236,928 in Joppa. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 43 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 198 % more costly than the average price of ($2,799 / sq.feet) in Joppa. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 198 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $418,968 it is 44 % cheaper than the average price in Joppa. "Villa" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Villa". At a price of $235,508 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $2,766 / sq.feet followed by "Villa" priced at $2,781 / sq.feet. "House" is the most costly type of property with a $2,799 / sq.feet cost followed by "Villa" with an average price of $2,781 / sq.feet.