The prices in real estate in Saco, in the Maine 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 Saco has increased strongly during the last 6 months. In April, the average price per sq.feet was $519. In the following month the price per sq.feet increased considerably to $1,250. The price for the following two months in (June, July) had a considerable increment of 154 %. The price per sq.feet has had a considerable deflation of 16 % 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 $1,121.75 to $177.5 during August, and September.
Based upon to the price in Saco (cities), this has gone downing the last 6 months. The average price for April is $314,469. During May the price had a considerable reduction till $243,448. During the following two months (June, July) the price has had an average incrementation from $278,958.5 to $305,044. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $315,934 they are 25 % more affordable than the average price for Saco. The properties with the highest average price have 1 bedroom, Their price is 25 % more costly than the average. After that we have properties with 2 bedrooms priced at $235,686.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $251 / sq.feet, with an average $181 / sq.feet price in Saco. The properties with the highest average prices have 2 bedrooms. They are 289 % more expensive than the average followed by properties with 1 bedroom with a price at $251 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $315,934 it is 54 % cheaper than the average price in Saco. "House" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $235,686 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $159 / sq.feet followed by "Office" priced at $245 / sq.feet. "House" is the most costly type of property with a $704 / sq.feet cost followed by "Office" with an average price of $245 / sq.feet.