The prices in real estate in Old Town, in the Maine region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Old Town has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $337. In the following month the price per sq.feet decreased to $295. The price for the following two months in (July, August) had a considerable increment of 131 %. The price per sq.feet has had a considerable deflation of 27 % 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 $364.5 to $98 during September, and October.
Based upon to the price in Old Town (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $152,156. In June This price remains at $152,147. In the following two months the average price has remained the same with regard to the previous two months from $152,151.5 to $157,740. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $154,945.75 and $158,901 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $158,112 they are 50 % more affordable than the average price for Old Town. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $157,721.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $88 / sq.feet, with an average $99 / sq.feet price in Old Town. The properties with the highest average prices have 3 bedrooms. They are 10 % more expensive than the average followed by properties with 1 bedroom with a price at $100 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $158,112 it is 14 % cheaper than the average price in Old Town. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $160,500 it is 4 % 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 $83 / sq.feet followed by "House" priced at $102 / sq.feet. "House" is the most costly type of property with a $102 / sq.feet cost followed by "Condo" with an average price of $83 / sq.feet.