Property prices for sale in Smithsburg (Maryland)
The prices in real estate in Smithsburg, 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 Smithsburg has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,842. In the following month the price per sq.feet decreased considerably to $220. The price for the following two months in (December, January) had a considerable increment of 245 %. The price per sq.feet has had a considerable increase of 1209 % 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 $1,777.75 to $21,489.5 during February, and March.
Based upon to the price in Smithsburg (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $377,222. In November This price remains at $385,330. In the following two months the average price has remained the same with regard to the previous two months from $381,276 to $377,740. During the last two months the average price has had a strong fall compared to the previous four going from $379,508 to $320,682.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $345,592 they are 10 % more affordable than the average price for Smithsburg. The properties with the highest average price have 1 bedroom, Their price is 109 % more costly than the average. After that we have properties with 4 bedrooms priced at $609,977.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $10,153 / sq.feet price in Smithsburg. The properties with the lowest average prices have 2 bedrooms. They are 97 % cheaper than the average followed by properties with 1 bedroom with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $345,592 it is 48 % cheaper than the average price in Smithsburg. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $423,251 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $153 / sq.feet followed by "House" priced at $182 / sq.feet. "Land" is the most costly type of property with a $148,071 / sq.feet cost followed by "House" with an average price of $182 / sq.feet.
