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 September, the average price per sq.feet was $268. In October this price pretty much remained the same at a value of $268 per sq.feet. The price for the following two months in (November, December) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 374 % 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 $291.25 to $1,090 during January, and February.
Based upon to the price in South Yarmouth (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $458,858. In October This price remains at $449,080. During the following two months (November, December) the price has had an average incrementation from $453,969 to $509,780. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $481,874.5 and $465,924 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $422,176 they are 51 % more affordable than the average price for South Yarmouth. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at $439,185.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $579 / sq.feet, with an average $1,820 / sq.feet price in South Yarmouth. The properties with the highest average prices have 3 bedrooms. They are 42 % more expensive than the average followed by properties with 4 bedrooms with a price at $2,413 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $422,176 it is 1 % more expensive than the average price in South Yarmouth. "Farm" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Duplex". At a price of $502,600 it is 99 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $326 / sq.feet followed by "Farm" priced at $432 / sq.feet. "Commercial" is the most costly type of property with a $6,811 / sq.feet cost followed by "House" with an average price of $2,514 / sq.feet.