The prices in real estate in Newburg, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Newburg has remained the same in the last 6 months. In April, the average price per sq.feet was $231. In the following month the price per sq.feet increased to $252. In the following two months the price per sq.feet has barely changed, going from $241.5 to $237 per sq.feet. The price per sq.feet has decreased 90 % 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 $239.25 to $216 during August, and September.
Based upon to the price in Newburg (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $589,983. During May the price went through a considerable rise reaching $889,690. During the following two months (June, July) the average price had a considerable increase of 121 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $816,193.5 to $515,876.5, which means a 63 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $520,338 they are 49 % more affordable than the average price for Newburg. The properties with the lowest average price have 3 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 2 bedrooms priced at $372,970.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $156 / sq.feet, with an average $218 / sq.feet price in Newburg. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $209 / sq.feet.
With regard to the average price based upon the property in Newburg we can see that the cheapest property type is "House" at a price of $297,559, they are 43 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 43 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $156 / sq.feet. "House" with an average cost of $156 / sq.feet has the lowest price and would be directed at less affluent cities.