The prices in real estate in Shady Side, 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 Shady Side has increased strongly during the last 6 months. In March, the average price per sq.feet was $227. In the following month the price per sq.feet increased considerably to $275. The price for the following two months in (May, June) had a considerable increment of 174 %. The price per sq.feet has had a considerable deflation of 70 % 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 $344 to $241.5 during July, and August.
Based upon to the price in Shady Side (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $396,038. During April the price went through a considerable rise reaching $714,720. During the following two months (May, June) the average price had a considerable increase of 126 % 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 $626,879.5 to $449,801.5, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $449,274 they are 30 % more affordable than the average price for Shady Side. The properties with the highest average price have 4 bedrooms, Their price is 145 % more costly than the average. After that we have properties with 3 bedrooms priced at $372,590.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $202 / sq.feet, with an average $240 / sq.feet price in Shady Side. The properties with the highest average prices have 4 bedrooms. They are 33 % more expensive than the average followed by properties with 1 bedroom with a price at $305 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $449,274 it is 1 % cheaper than the average price in Shady Side. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $446,588 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $175 / sq.feet followed by "House" priced at $240 / sq.feet. "House" is the cheapest type of property with a $240 / sq.feet value followed by "Townhouse" with an average price of $175 / sq.feet.