The prices in real estate in Milford, in the Delaware 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 Milford has increased strongly during the last 6 months. In February, the average price per sq.feet was $849. In the following month the price per sq.feet increased considerably to $1,424. In the following two months the price per sq.feet has increased 108 %, going from $1,136.5 to $1,227.5 per sq.feet. The price per sq.feet has had a considerable deflation of 84 % 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 $1,182 to $994 during June, and July.
Based upon to the price in Milford (cities), these have remained the same in the last 6 months. The price in February is $282,057, rising in March till $305,566. During the following two months (April, May) the price has had an average incrementation from $293,811.5 to $316,015. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $304,913.25 to $267,081 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $244,069 they are 26 % more affordable than the average price for Milford. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at $259,436.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $156 / sq.feet, with an average $466 / sq.feet price in Milford. The properties with the highest average prices have 4 bedrooms. They are 314 % more expensive than the average followed by properties with 3 bedrooms with a price at $821 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $244,069 it is 26 % cheaper than the average price in Milford. "Duplex" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $275,789 it is 153 % 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 $24 / sq.feet followed by "Duplex" priced at $117 / sq.feet. "House" is the most costly type of property with a $2,259 / sq.feet cost followed by "Land" with an average price of $1,029 / sq.feet.