The prices in real estate in Parkville, in the Maryland 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 Parkville has increased strongly during the last 6 months. In February, the average price per sq.feet was $154. In March this price pretty much remained the same at a value of $154 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $154 to $155 per sq.feet. The price per sq.feet has had a considerable increase of 395 % 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 $154.5 to $610 during June, and July.
Based upon to the price in Parkville (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $290,575. In March This price remains at $293,937. During the following two months (April, May) the average price had a considerable increase of 133 % 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 risen strongly 123 % 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 $417,189 they are 47 % more affordable than the average price for Parkville. The properties with the lowest average price have 1 bedroom, Their price is 44 % cheaper than the average. After that we have properties with 4 bedrooms priced at $222,953.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $131 / sq.feet, with an average $154 / sq.feet price in Parkville. The properties with the lowest average prices have 1 bedroom. They are 6 % cheaper than the average followed by properties with 4 bedrooms with a price at $131 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $417,189 it is 47 % cheaper than the average price in Parkville. "Duplex" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Villa". At a price of $374,224 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $131 / sq.feet followed by "Farm" priced at $172 / sq.feet. "Villa" is the most costly type of property with a $2,100 / sq.feet cost followed by "Condo" with an average price of $2,097 / sq.feet.