The prices in real estate in South Yarmouth, in the Massachusetts 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 South Yarmouth has increased strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $342. The price for the following two months in (May, June) had a considerable increment of 177 %. The price per sq.feet has had a considerable increase of 119 % 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 $236.5 to $282 during July, and August.
Based upon to the price in South Yarmouth (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching $436,467. During the following two months (May, June) the average price had a considerable increase of 199 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 146 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $477,406 they are 35 % more affordable than the average price for South Yarmouth. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $459,077.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $265 / sq.feet, with an average $268 / sq.feet price in South Yarmouth. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $290 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most costly one. At an cost of $477,406 it is 6 % more expensive than the average price in South Yarmouth. "House" is seen as the second dearest property type. The dearest property type is "Farm" followed by "House". At a price of $515,192 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $257 / sq.feet followed by "Duplex" priced at $332 / sq.feet. "Farm" is the most costly type of property with a $456 / sq.feet cost followed by "Duplex" with an average price of $332 / sq.feet.