The prices in real estate in North East, 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 North East has increased strongly during the last 6 months. In December, the average price per sq.feet was $132. In the following month the price per sq.feet increased to $142. In the following two months the price per sq.feet has increased 106 %, going from $137 to $145 per sq.feet. The price per sq.feet has had a considerable increase of 171 % 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 $141 to $240.5 during April, and May.
Based upon to the price in North East (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $288,400. In January This price remains at $279,769. In the following two months the average price has remained the same with regard to the previous two months from $284,084.5 to $276,275.5. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $258,792 they are 2 % more expensive than the average price for North East. Following this ranking we find those properties with 2 at an average price of $265,567. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 1 bedroom priced at $316,914.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $110 / sq.feet, with an average $344 / sq.feet price in North East. The properties with the lowest average prices have 2 bedrooms. They are 40 % cheaper than the average followed by properties with 3 bedrooms with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $258,792 it is 7 % more expensive than the average price in North East. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Townhouse". At a price of $297,187 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $104 / sq.feet followed by "Townhouse" priced at $116 / sq.feet. "House" is the cheapest type of property with a $119 / sq.feet value followed by "Townhouse" with an average price of $116 / sq.feet.