Property prices for sale in Prince Frederick (Maryland)
The prices in real estate in Prince Frederick, 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 Prince Frederick has increased strongly during the last 6 months. In November, the average price per sq.feet was $356. In the following month the price per sq.feet decreased considerably to $179. The price for the following two months in (January, February) had a considerable increment of 1013 %. The price per sq.feet has had a considerable increase of 416 % 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 $1,488.25 to $6,191 during March, and April.
Based upon to the price in Prince Frederick (cities), this has gone downing the last 6 months. The average price for November is $511,986. During December the price had a slight fall till $485,654. In the following two months the average price has remained the same with regard to the previous two months from $498,820 to $478,291.5. 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 $488,555.75 and $484,883 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $491,056 they are 35 % more affordable than the average price for Prince Frederick. The properties with the lowest average price have 3 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 4 bedrooms priced at $391,588.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $96 / sq.feet, with an average $198 / sq.feet price in Prince Frederick. The properties with the lowest average prices have 3 bedrooms. They are 33 % cheaper than the average followed by properties with 1 bedroom with a price at $111 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $491,056 it is 19 % cheaper than the average price in Prince Frederick. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $418,384 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $86 / sq.feet followed by "House" priced at $120 / sq.feet. "Townhouse" is the most costly type of property with a $5,299 / sq.feet cost followed by "House" with an average price of $120 / sq.feet.
