The prices in real estate in Newburg, in the Maryland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Newburg has fallen in the last 6 months. In July, the average price per sq.feet was $267. In August this price pretty much remained the same at a value of $272 per sq.feet. The price for the following two months in (September, October) decreased 93 % with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $260.5 to $228 during November, and December.
Based upon to the price in Newburg (cities), these have remained the same in the last 6 months. The price in July is $523,152, rising in August till $562,866. In the following two months the average price has remained the same with regard to the previous two months from $543,009 to $536,009.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $539,509.25 and $531,473.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $538,647 they are 82 % more affordable than the average price for Newburg. The properties with the lowest average price have 3 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 4 bedrooms priced at $496,570.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $113 / sq.feet, with an average $221 / sq.feet price in Newburg. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at $272 / 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 $510,123, they are 5 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 5 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $262 / sq.feet. "House" at an average price of $262 / sq.feet has the most expensive price and would be directed at more affluent cities.