The prices in real estate in Riva, 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 Riva has increased strongly during the last 6 months. In November, the average price per sq.feet was $310. In the following month the price per sq.feet decreased to $264. The price for the following two months in (January, February) had a considerable increment of 21261 %. The price per sq.feet has had a considerable deflation of 1 % 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 $30,653.25 to $398.5 during March, and April.
Based upon to the price in Riva (cities), these have remained the same in the last 6 months. The price in November is $567,220, rising in December till $601,069. During the following two months (January, February) the average price had a considerable reduction of 80 % 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 132 % 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 $673,973 they are 21 % more affordable than the average price for Riva. The properties with the lowest average price have 1 bedroom, Their price is 20 % cheaper than the average. After that we have properties with 2 bedrooms priced at $534,308.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $173 / sq.feet, with an average $351 / sq.feet price in Riva. The properties with the lowest average prices have 1 bedroom. They are 49 % cheaper than the average followed by properties with 2 bedrooms with a price at $173 / sq.feet.
With regard to the average price based upon the property in Riva we can see that the cheapest property type is "House" at a price of $534,308, they are 21 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 21 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $173 / sq.feet. "House" with an average cost of $173 / sq.feet has the lowest price and would be directed at less affluent cities.