Property prices for sale in Newburg (Maryland)
The prices in real estate in Newburg, 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 Newburg has increased strongly during the last 6 months. In October, the average price per sq.feet was $2,464. In the following month the price per sq.feet increased considerably to $3,665. The price for the following two months in (December, January) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has had a considerable increase of 125 % 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 $2,610.5 to $3,263 during February, and March.
Based upon to the price in Newburg (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $458,556. In November This price remains at $459,982. In the following two months the average price has remained the same with regard to the previous two months from $459,269 to $480,774. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $596,427 they are 84 % more affordable than the average price for Newburg. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $658,670.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $104 / sq.feet, with an average $4,188 / sq.feet price in Newburg. The properties with the lowest average prices have 2 bedrooms. They are 90 % cheaper than the average followed by properties with 3 bedrooms with a price at $357 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $596,427 it is 81 % cheaper than the average price in Newburg. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $111,717 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $325 / sq.feet followed by "Land" priced at $31,449 / sq.feet. "Land" is the most costly type of property with a $31,449 / sq.feet cost followed by "House" with an average price of $325 / sq.feet.
