The prices in real estate in Potomac, in the Maryland 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
The price per sq.feet in Potomac has fallen in the last 6 months. In December, the average price per sq.feet was $309. In January this price pretty much remained the same at a value of $307 per sq.feet. The price for the following two months in (February, March) decreased 93 % with regard to the prior two months. 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 $297.25 to $290 during April y May
Based upon to the price in Potomac (cities), this has fallen considerably in the last 6 months. The average price for December is $2,149,898. During January the price had a slight fall till $1,885,679. During the following two months (February, March) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,822,641 to $1,494,436, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,565,966 they are 48 % more affordable than the average price for Potomac. The properties with the lowest average price have 2 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 4 bedrooms priced at $978,664.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $153 / sq.feet, with an average $303 / sq.feet price in Potomac. The properties with the highest average prices have 2 bedrooms. They are 621 % more expensive than the average followed by properties with 4 bedrooms with a price at $283 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,565,966 it is 50 % cheaper than the average price in Potomac. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $1,262,855 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $257 / sq.feet followed by "Townhouse" priced at $306 / sq.feet. "Apartment" is the most costly type of property with a $10,798 / sq.feet cost followed by "Land" with an average price of $4,758 / sq.feet.