The prices in real estate in Leonardtown, in the Maryland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Leonardtown has fallen in the last 6 months. In November, the average price per sq.feet was $2,099. In the following month the price per sq.feet decreased considerably to $219. The price for the following two months in (January, February) had a considerable increment of 274 %. The price per sq.feet has had a considerable deflation of 72 % 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 $2,167.25 to $1,555.5 during March, and April.
Based upon to the price in Leonardtown (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $578,497. In December This price remains at $587,527. In the following two months the average price has remained the same with regard to the previous two months from $583,012 to $592,397.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $630,456 they are 66 % more affordable than the average price for Leonardtown. The properties with the lowest average price have 4 bedrooms, Their price is 35 % cheaper than the average. After that we have properties with 3 bedrooms priced at $322,064.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $91 / sq.feet, with an average $246 / sq.feet price in Leonardtown. The properties with the lowest average prices have 2 bedrooms. They are 9 % cheaper than the average followed by properties with 1 bedroom with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $630,456 it is 71 % cheaper than the average price in Leonardtown. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Commercial". At a price of $351,784 it is 44 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $20 / sq.feet followed by "Townhouse" priced at $86 / sq.feet. "Commercial" is the cheapest type of property with a $98 / sq.feet value followed by "Townhouse" with an average price of $86 / sq.feet.