The prices in real estate in Montgomery Village, 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 Montgomery Village has increased strongly during the last 6 months. In November, the average price per sq.feet was $179. In the following month the price per sq.feet increased considerably to $219. The price for the following two months in (January, February) had a considerable increment of 992 %. The price per sq.feet has had a considerable increase of 313 % 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 $1,086.5 to $3,404.5 during March, and April.
Based upon to the price in Montgomery Village (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $343,127. In December This price remains at $334,218. In the following two months the average price has remained the same with regard to the previous two months from $338,672.5 to $325,998. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $369,252 they are 55 % more affordable than the average price for Montgomery Village. The properties with the highest average price have 1 bedroom, Their price is 144 % more costly than the average. After that we have properties with 4 bedrooms priced at $616,253.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $158 / sq.feet, with an average $400 / sq.feet price in Montgomery Village. The properties with the highest average prices have 4 bedrooms. They are 642 % more expensive than the average followed by properties with 1 bedroom with a price at $510 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $369,252 it is 66 % cheaper than the average price in Montgomery Village. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $521,763 it is 146 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $1,209 / sq.feet followed by "House" priced at $5,265 / sq.feet. "Commercial" is the most costly type of property with a $48,378 / sq.feet cost followed by "Office" with an average price of $30,813 / sq.feet.