The prices in real estate in Kennebunk, in the Maine 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 Kennebunk has increased strongly during the last 6 months. In December, the average price per sq.feet was $236. In the following month the price per sq.feet increased considerably to $277. In the following two months the price per sq.feet has barely changed, going from $256.5 to $268 per sq.feet. The price per sq.feet has increased 107 % 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 $262.25 to $279.5 during April, and May.
Based upon to the price in Kennebunk (cities), this has fallen considerably in the last 6 months. The average price for December is $1,124,538. During January the price had a considerable reduction till $704,299. During the following two months (February, March) the average price had a considerable reduction of 73 % 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 $789,051.75 to $554,469, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $547,038 they are 44 % more affordable than the average price for Kennebunk. The properties with the highest average price have 4 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 3 bedrooms priced at $505,760.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $270 / sq.feet, with an average $286 / sq.feet price in Kennebunk. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 2 bedrooms with a price at $337 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $547,038 it is 64 % cheaper than the average price in Kennebunk. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $399,565 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $279 / sq.feet followed by "House" priced at $301 / sq.feet. "Townhouse" is the most costly type of property with a $1,413 / sq.feet cost followed by "Land" with an average price of $854 / sq.feet.