The prices in real estate in Nottingham, 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 Nottingham has increased strongly during the last 6 months. In February, the average price per sq.feet was $145. In March this price pretty much remained the same at a value of $147 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $146 to $151.5 per sq.feet. The price per sq.feet has had a considerable increase of 313 % 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 $148.75 to $466 during June, and July.
Based upon to the price in Nottingham (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $234,274. In March This price remains at $232,206. During the following two months (April, May) the price has had an average incrementation from $233,240 to $257,580. 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 2 bedrooms are the cheapest ones. At a price of $247,627 they are 16 % more affordable than the average price for Nottingham. The properties with the highest average price have 4 bedrooms, Their price is 135 % more costly than the average. After that we have properties with 3 bedrooms priced at $318,330.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $151 / sq.feet, with an average $159 / sq.feet price in Nottingham. The properties with the highest average prices have 4 bedrooms. They are 708 % more expensive than the average followed by properties with 1 bedroom with a price at $741 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $247,627 it is 7 % more expensive than the average price in Nottingham. "Land" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Land". At a price of $265,679 it is 135 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $141 / sq.feet followed by "Land" priced at $147 / sq.feet. "Apartment" is the most costly type of property with a $1,284 / sq.feet cost followed by "Land" with an average price of $147 / sq.feet.