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 April, the average price per sq.feet was $137. In the following month the price per sq.feet increased considerably to $344. In the following two months the price per sq.feet has increased 110 %, going from $240.5 to $264 per sq.feet. The price per sq.feet has had a considerable deflation of 64 % 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 $252.25 to $160.5 during August, and September.
Based upon to the price in North East (cities), this has gone up considerably in the last 6 months. The average price for April is $332,192. During May the price had a considerable reduction till $258,792. During the following two months (June, July) the average price had a considerable increase of 233 % 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 $491,364 to $301,254.5, which means a 61 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $304,141 they are 20 % more affordable than the average price for North East. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $295,919.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $160 / sq.feet price in North East. The properties with the highest average prices have 1 bedroom. They are 64 % more expensive than the average followed by properties with 2 bedrooms with a price at $172 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $304,141 it is 10 % cheaper than the average price in North East. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $295,998 it is 2 % 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 $100 / sq.feet followed by "Townhouse" priced at $112 / sq.feet. "House" is the cheapest type of property with a $160 / sq.feet value followed by "Townhouse" with an average price of $112 / sq.feet.