The prices in real estate in Orono, in the Maine 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 Orono has increased during the last 6 months. In October, the average price per sq.feet was $330. In the following month the price per sq.feet increased to $376. In the following two months the price per sq.feet has barely changed, going from $353 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 $353.5 to $368.5 during February y March
Based upon to the price in Orono (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $1,059,783. During November the price went through a considerable rise reaching $1,587,910. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $1,397,416 they are 99 % more affordable than the average price for Orono. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $383,326.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $15 / sq.feet, with an average $356 / sq.feet price in Orono. The properties with the lowest average prices have 4 bedrooms. They are 0 % cheaper than the average followed by properties with 3 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,397,416 it is 99 % cheaper than the average price in Orono. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $527,250 it is 9 % 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 $14 / sq.feet followed by "Detached House" priced at $217 / sq.feet. "Land" is the most costly type of property with a $10,528 / sq.feet cost followed by "House" with an average price of $357 / sq.feet.