Property prices for sale in Old Town (Maine)
The prices in real estate in Old Town, in the Maine 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 Old Town has increased strongly during the last 6 months. In October, the average price per sq.feet was $161. In November this price pretty much remained the same at a value of $157 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $159 to $165.5 per sq.feet. The price per sq.feet has had a considerable increase of 548 % 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 $162.25 to $888.5 during February, and March.
Based upon to the price in Old Town (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $232,659. In November This price remains at $232,859. In the following two months the average price has remained the same with regard to the previous two months from $232,759 to $230,745.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $293,868 they are 43 % more affordable than the average price for Old Town. The properties with the highest average price have 1 bedroom, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $221,725.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $77 / sq.feet, with an average $1,583 / sq.feet price in Old Town. The properties with the lowest average prices have 1 bedroom. They are 73 % cheaper than the average followed by properties with 3 bedrooms with a price at $127 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $293,868 it is 56 % cheaper than the average price in Old Town. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $152,185 it is 34 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $30 / sq.feet followed by "House" priced at $105 / sq.feet. "House" is the cheapest type of property with a $105 / sq.feet value followed by "Condo" with an average price of $30 / sq.feet.
