The prices in real estate in Ocean City, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Ocean City has remained the same in the last 6 months. In October, the average price per sq.feet was $320. In the following month the price per sq.feet increased to $350. In the following two months the price per sq.feet has barely changed, going from $335 to $329 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $332 to $320 during February y March
Based upon to the price in Ocean City (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $398,736. During November the price went through a considerable rise reaching $505,116. In the following two months the average price has remained the same with regard to the previous two months from $451,926 to $459,539. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $455,732.5 to $390,086.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $386,553 they are 47 % more affordable than the average price for Ocean City. The properties with the highest average price have 4 bedrooms, Their price is 73 % more costly than the average. After that we have properties with 3 bedrooms priced at $451,046.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $300 / sq.feet, with an average $313 / sq.feet price in Ocean City. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $322 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of $386,553 it is 4 % more expensive than the average price in Ocean City. "Apartment" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $573,686 it is 186 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $283 / sq.feet followed by "Apartment" priced at $363 / sq.feet. "House" is the most costly type of property with a $540 / sq.feet cost followed by "Condo" with an average price of $387 / sq.feet.