Property prices for sale in Redmond (Washington)
The prices in real estate in Redmond, in the Washington 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 Redmond has increased strongly during the last 6 months. In November, the average price per sq.feet was $582. In the following month the price per sq.feet increased to $668. In the following two months the price per sq.feet has barely changed, going from $625 to $656 per sq.feet. The price per sq.feet has increased 107 % 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 $640.5 to $688.5 during March, and April.
Based upon to the price in Redmond (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $1,350,716. In December This price remains at $1,418,010. In the following two months the average price has remained the same with regard to the previous two months from $1,384,363 to $1,427,917.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,593,910 they are 50 % more affordable than the average price for Redmond. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 1 bedroom priced at $1,677,500.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $620 / sq.feet, with an average $675 / sq.feet price in Redmond. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 4 bedrooms with a price at $663 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $1,593,910 it is 76 % cheaper than the average price in Redmond. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $782,425 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $347 / sq.feet followed by "Condo" priced at $593 / sq.feet. "Land" is the most costly type of property with a $254,390 / sq.feet cost followed by "House" with an average price of $684 / sq.feet.
