The prices in real estate in Lutherville Timonium, 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 Lutherville Timonium has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $465. In the following month the price per sq.feet decreased to $399. The price for the following two months in (October, November) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 60 % 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 $309.5 to $186.5 during December, and January.
Based upon to the price in Lutherville Timonium (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $468,066. In September This price remains at $487,620. During the following two months (October, November) the price has had an average incrementation from $477,843 to $502,952. During the last two months the average price has had a strong fall compared to the previous four going from $490,397.5 to $385,726, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $380,787 they are 76 % more affordable than the average price for Lutherville Timonium. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $422,228.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $78 / sq.feet, with an average $190 / sq.feet price in Lutherville Timonium. The properties with the highest average prices have 3 bedrooms. They are 4 % more expensive than the average followed by properties with 4 bedrooms with a price at $196 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $380,787 it is 24 % cheaper than the average price in Lutherville Timonium. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $821,861 it is 263 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $133 / sq.feet followed by "Condo" priced at $172 / sq.feet. "Duplex" is the most costly type of property with a $10,406 / sq.feet cost followed by "Land" with an average price of $1,984 / sq.feet.