The prices in real estate in Rockport, in the Maine region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Rockport has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $392. In the following month the price per sq.feet decreased to $341. The price for the following two months in (July, August) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 75 % 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 $330 to $248 during September, and October.
Based upon to the price in Rockport (cities), this has fallen considerably in the last 6 months. The average price for May is $1,793,806. During June the price had a slight fall till $1,627,077. During the following two months (July, August) the average price had a considerable reduction of 66 % 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 $1,422,016.25 to $929,028.5, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $934,327 they are 68 % more affordable than the average price for Rockport. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $501,444.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $177 / sq.feet, with an average $253 / sq.feet price in Rockport. The properties with the lowest average prices have 4 bedrooms. They are 1 % cheaper than the average followed by properties with 1 bedroom with a price at $237 / sq.feet.
With regard to the average price based upon the property in Rockport we can see that most expensive property type is "House" at a price of $1,022,371, they are 9 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 9 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $275 / sq.feet. "House" at an average price of $275 / sq.feet has the most expensive price and would be directed at more affluent cities.