The prices in real estate in Silver Spring, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Silver Spring has remained the same in the last 6 months. In July, the average price per sq.feet was $225. In August this price pretty much remained the same at a value of $234 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $229.5 to $233 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 $231.25 to $240 during November y December
Based upon to the price in Silver Spring (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $410,650. In August This price remains at $413,301. In the following two months the average price has remained the same with regard to the previous two months from $411,975.5 to $403,531.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $407,753.5 to $369,922.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $354,567 they are 41 % more affordable than the average price for Silver Spring. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 3 bedrooms priced at $404,942.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $225 / sq.feet, with an average $237 / sq.feet price in Silver Spring. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $242 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $354,567 it is 21 % cheaper than the average price in Silver Spring. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $510,257 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $202 / sq.feet followed by "Villa" priced at $207 / sq.feet. "Townhouse" is the most costly type of property with a $274 / sq.feet cost followed by "Condo" with an average price of $249 / sq.feet.