Property prices for sale in Old Orchard Beach (Maine)

The prices in real estate in Old Orchard Beach, in the Maine region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$363,811
Average price last 6 months
$1,762.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Old Orchard Beach has fallen in the last 6 months. In March, the average price per sq.feet was $2,012. In the following month the price per sq.feet decreased considerably to $1,550. The price for the following two months in (May, June) had a considerable increment of 128 %. The price per sq.feet has had a considerable deflation of 61 % 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 $2,029 to $1,229.5 during July, and August.

Average price

Based upon to the price in Old Orchard Beach (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $337,896. In April This price remains at $333,104. During the following two months (May, June) the price has had an average incrementation from $335,500 to $378,216. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $356,518 they are 36 % more affordable than the average price for Old Orchard Beach. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $341,647.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,162 / sq.feet, with an average $1,852 / sq.feet price in Old Orchard Beach. The properties with the highest average prices have 2 bedrooms. They are 11 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,831 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $356,518 it is 37 % cheaper than the average price in Old Orchard Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $390,260 it is 30 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $53 / sq.feet followed by "Office" priced at $298 / sq.feet. "Townhouse" is the most costly type of property with a $2,304 / sq.feet cost followed by "Condo" with an average price of $1,895 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Old Orchard Beach
Number of properties used in region Maine
$356,518
$1,852
1,290
51,622
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value