Property prices for sale in Solomons (Maryland)
The prices in real estate in Solomons, 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 Solomons has increased strongly during the last 6 months. In November, the average price per sq.feet was $268. In the following month the price per sq.feet decreased to $252. The price for the following two months in (January, February) had a considerable increment of 1017 %. The price per sq.feet has had a considerable deflation of 18 % 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 $1,451.5 to $261.5 during March, and April.
Based upon to the price in Solomons (cities), these have remained the same in the last 6 months. The average price for November is $529,210. During December the price had a slight fall till $476,292. In the following two months the average price has remained the same with regard to the previous two months from $502,751 to $480,177. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % 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 $704,304 they are 42 % more affordable than the average price for Solomons. The properties with the lowest average price have 1 bedroom, Their price is 41 % cheaper than the average. After that we have properties with 2 bedrooms priced at $411,549.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $262 / sq.feet price in Solomons. The properties with the lowest average prices have 1 bedroom. They are 29 % cheaper than the average followed by properties with 2 bedrooms with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $704,304 it is 46 % cheaper than the average price in Solomons. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $378,044 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $120 / sq.feet followed by "House" priced at $180 / sq.feet. "House" is the cheapest type of property with a $180 / sq.feet value followed by "Duplex" with an average price of $120 / sq.feet.
