The prices in real estate in Severn, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Severn has increased during the last 6 months. In November, the average price per sq.feet was $162. In December this price pretty much remained the same at a value of $168 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from $165 to $179.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $172.25 to $170.5 during March y April
Based upon to the price in Severn (cities), this has gone up considerably in the last 6 months. The price in November is $369,989, rising in December till $396,094. During the following two months (January, February) the price has had an average incrementation from $383,041.5 to $429,777.5. 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 $500,050 they are 31 % more affordable than the average price for Severn. The properties with the highest average price have 1 bedroom, Their price is 2 % more costly than the average. After that we have properties with 4 bedrooms priced at $455,098.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $176 / sq.feet, with an average $165 / sq.feet price in Severn. The properties with the highest average prices have 2 bedrooms. They are 72 % more expensive than the average followed by properties with 1 bedroom with a price at $191 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $500,050 it is 67 % cheaper than the average price in Severn. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of $428,829 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $188 / sq.feet followed by "Commercial Property" priced at $217 / sq.feet. "Townhouse" is the most costly type of property with a $13,304 / sq.feet cost followed by "Condo" with an average price of $1,115 / sq.feet.