The prices in real estate in Kittery, in the Maine region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Kittery has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $384. In December this price pretty much remained the same at a value of $386 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has decreased 87 % 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 $336.75 to $293 during March, and April.
Based upon to the price in Kittery (cities), this has fallen considerably in the last 6 months. The average price for November is $787,163. During December the price had a slight fall till $685,915. During the following two months (January, February) the average price had a considerable reduction of 74 % 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 $640,756 to $521,212, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $541,616 they are 59 % more affordable than the average price for Kittery. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 3 bedrooms priced at $593,585.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $217 / sq.feet, with an average $313 / sq.feet price in Kittery. The properties with the lowest average prices have 3 bedrooms. They are 12 % cheaper than the average followed by properties with 4 bedrooms with a price at $256 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $541,616 it is 11 % cheaper than the average price in Kittery. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $639,223 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $268 / sq.feet followed by "Land" priced at $292 / sq.feet. "Condo" is the most costly type of property with a $321 / sq.feet cost followed by "Land" with an average price of $292 / sq.feet.