The prices in real estate in Sparrows Point, 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 Sparrows Point has increased strongly during the last 6 months. In May, the average price per sq.feet was $175. In the following month the price per sq.feet increased to $189. The price for the following two months in (July, August) had a considerable increment of 709 %. The price per sq.feet has had a considerable deflation of 28 % 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 $736.5 to $209 during September, and October.
Based upon to the price in Sparrows Point (cities), this has gone downing the last 6 months. In our first sample month during May, the average price is $378,718. In June This price remains at $365,415. In the following two months the average price has remained the same with regard to the previous two months from $372,066.5 to $386,589. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $379,327.75 to $326,391.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $343,807 they are 36 % more affordable than the average price for Sparrows Point. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 1 bedroom priced at $450,681.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $153 / sq.feet, with an average $248 / sq.feet price in Sparrows Point. The properties with the highest average prices have 1 bedroom. They are 105 % more expensive than the average followed by properties with 3 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $343,807 it is 11 % cheaper than the average price in Sparrows Point. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $306,234 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $153 / sq.feet followed by "Townhouse" priced at $166 / sq.feet. "Townhouse" is the cheapest type of property with a $166 / sq.feet value followed by "House" with an average price of $153 / sq.feet.