The prices in real estate in Lewiston, 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 Lewiston has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $266. In the following month the price per sq.feet increased to $300. In the following two months the price per sq.feet has barely changed, going from $283 to $292.5 per sq.feet. The price per sq.feet has had a considerable deflation of 23 % 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 $287.75 to $67 during November, and December.
Based upon to the price in Lewiston (cities), this has gone up in the last 6 months. The price in July is $160,365, rising in August till $175,551. During the following two months (September, October) the price has had an average incrementation from $167,958 to $179,648. 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 $173,803 and $168,384.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $172,046 they are 10 % more affordable than the average price for Lewiston. The properties with the highest average price have 2 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $186,815.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $108 / sq.feet, with an average $75 / sq.feet price in Lewiston. The properties with the highest average prices have 3 bedrooms. They are 461 % more expensive than the average followed by properties with 4 bedrooms with a price at $380 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $172,046 it is 73 % cheaper than the average price in Lewiston. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $181,648 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $68 / sq.feet followed by "Condo" priced at $89 / sq.feet. "House" is the most costly type of property with a $113 / sq.feet cost followed by "Condo" with an average price of $89 / sq.feet.