Property prices for sale in Scarborough (Maine)
The prices in real estate in Scarborough, 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 Scarborough has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $951. In the following month the price per sq.feet decreased considerably to $657. The price for the following two months in (December, January) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable increase of 157 % 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 $648.75 to $1,016.5 during February, and March.
Based upon to the price in Scarborough (cities), these have remained the same in the last 6 months. The price in October is $789,031, rising in November till $830,996. In the following two months the average price has remained the same with regard to the previous two months from $810,013.5 to $822,411.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $816,212.5 to $758,570.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $747,439 they are 66 % more affordable than the average price for Scarborough. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $754,066.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $647 / sq.feet, with an average $1,470 / sq.feet price in Scarborough. The properties with the highest average prices have 2 bedrooms. They are 39 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,471 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $747,439 it is 65 % cheaper than the average price in Scarborough. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $480,384 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $629 / sq.feet followed by "House" priced at $1,471 / sq.feet. "Land" is the most costly type of property with a $66,513 / sq.feet cost followed by "House" with an average price of $1,471 / sq.feet.
