The prices in real estate in Ocean City, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Ocean City has increased during the last 6 months. In March, the average price per sq.feet was $313. In April this price pretty much remained the same at a value of $327 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $320 to $354 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 $337 to $351.5 during July y August
Based upon to the price in Ocean City (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $386,553. In April This price remains at $401,041. In the following two months the average price has remained the same with regard to the previous two months from $393,797 to $408,520. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $429,757 they are 49 % more affordable than the average price for Ocean City. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at $488,865.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $330 / sq.feet, with an average $348 / 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 $346 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $429,757 it is 19 % cheaper than the average price in Ocean City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $463,713 it is 36 % 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 $301 / sq.feet followed by "House" priced at $325 / sq.feet. "Apartment" is the most costly type of property with a $412 / sq.feet cost followed by "Condo" with an average price of $362 / sq.feet.