The prices in real estate in North Beach, 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 North Beach has fallen in the last 6 months. In April, the average price per sq.feet was $296. In May this price pretty much remained the same at a value of $293 per sq.feet. The price for the following two months in (June, July) decreased 88 % with regard to the prior two months. 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 $277 to $249 during August, and September.
Based upon to the price in North Beach (cities), this has fallen considerably in the last 6 months. The average price for April is $1,098,300. During May the price had a slight fall till $1,013,475. During the following two months (June, July) the average price had a considerable reduction of 68 % 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 $886,536.5 to $494,270.5, which means a 56 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $491,826 they are 57 % more affordable than the average price for North Beach. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $398,379.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $176 / sq.feet, with an average $257 / sq.feet price in North Beach. The properties with the highest average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $276 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $491,826 it is 59 % cheaper than the average price in North Beach. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $200,165 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $124 / sq.feet followed by "House" priced at $206 / sq.feet. "House" is the cheapest type of property with a $206 / sq.feet value followed by "Townhouse" with an average price of $124 / sq.feet.