The prices in real estate in Kittery, 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 Kittery has increased strongly during the last 6 months. In March, the average price per sq.feet was $273. In the following month the price per sq.feet increased to $313. The price for the following two months in (May, June) had a considerable increment of 724 %. The price per sq.feet has decreased 89 % 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 $1,206.75 to $1,079.5 during July, and August.
Based upon to the price in Kittery (cities), this has gone up considerably in the last 6 months. The price in March is $500,808, rising in April till $541,616. During the following two months (May, June) the average price had a considerable increase of 606 % 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 $1,839,924.5 to $1,527,103.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $518,419 they are 65 % more affordable than the average price for Kittery. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $470,646.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $263 / sq.feet, with an average $280 / sq.feet price in Kittery. The properties with the highest average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 2 bedrooms with a price at $321 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $518,419 it is 8 % 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 $551,414 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $288 / sq.feet followed by "Condo" priced at $351 / sq.feet. "Condo" is the most costly type of property with a $351 / sq.feet cost followed by "House" with an average price of $288 / sq.feet.