The prices in real estate in Lusby, in the Maryland 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 Lusby has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $2,786. In May this price pretty much remained the same at a value of $2,902 per sq.feet. The price for the following two months in (June, July) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 19 % 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 $2,712.75 to $506 during August, and September.
Based upon to the price in Lusby (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $261,305. In May This price remains at $270,811. During the following two months (June, July) the price has had an average incrementation from $266,058 to $282,867. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $307,533 they are 26 % more affordable than the average price for Lusby. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $301,785.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $240 / sq.feet price in Lusby. The properties with the highest average prices have 4 bedrooms. They are 595 % more expensive than the average followed by properties with 3 bedrooms with a price at $437 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $307,533 it is 62 % cheaper than the average price in Lusby. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $220,203 it is 5 % 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 $76 / sq.feet followed by "Commercial" priced at $117 / sq.feet. "Land" is the most costly type of property with a $836 / sq.feet cost followed by "House" with an average price of $250 / sq.feet.