The prices in real estate in Takoma Park, in the Maryland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Takoma Park has fallen in the last 6 months. In November, the average price per sq.feet was $292. In December this price pretty much remained the same at a value of $278 per sq.feet. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $276.5 to $278 during March y April
Based upon to the price in Takoma Park (cities), these have remained the same in the last 6 months. The average price for November is $378,282. During December the price had a considerable reduction till $298,412. During the following two months (January, February) the price has had an average incrementation from $338,347 to $381,958.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $404,160 they are 57 % more affordable than the average price for Takoma Park. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $556,908.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $238 / sq.feet, with an average $280 / sq.feet price in Takoma Park. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $328 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $404,160 it is 47 % cheaper than the average price in Takoma Park. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $435,012 it is 73 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $245 / sq.feet followed by "House" priced at $355 / sq.feet. "Townhouse" is the most costly type of property with a $792 / sq.feet cost followed by "Farm" with an average price of $605 / sq.feet.