The prices in real estate in Lusby, in the Maryland 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 Lusby has increased strongly during the last 6 months. In November, the average price per sq.feet was $157. In the following month the price per sq.feet increased to $165. The price for the following two months in (January, February) had a considerable increment of 779 %. The price per sq.feet has had a considerable increase of 290 % 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 $707.25 to $2,054 during March, and April.
Based upon to the price in Lusby (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $325,087. In December This price remains at $326,228. During the following two months (January, February) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $297,545.75 to $266,760.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $261,305 they are 9 % more affordable than the average price for Lusby. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 2 bedrooms priced at $294,722.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $309 / sq.feet, with an average $2,786 / sq.feet price in Lusby. The properties with the lowest average prices have 4 bedrooms. They are 16 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,515 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $261,305 it is 51 % cheaper than the average price in Lusby. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $295,700 it is 30 % 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 $81 / sq.feet followed by "Land" priced at $122 / sq.feet. "House" is the most costly type of property with a $3,936 / sq.feet cost followed by "Commercial" with an average price of $2,760 / sq.feet.