The prices in real estate in West River, in the Maryland region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in West River has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $258. In the following month the price per sq.feet decreased considerably to $193. The price for the following two months in (March, April) decreased 94 % with regard to the prior two months. The price per sq.feet has increased 110 % 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 $218.25 to $239 during May, and June.
Based upon to the price in West River (cities), this has fallen considerably in the last 6 months. The average price for January is $784,184. During February the price had a slight fall till $684,859. During the following two months (March, April) the average price had a considerable reduction of 68 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $617,766.25 to $502,085.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $495,725 they are 130 % more expensive than the average price for West River. Following this ranking we find those properties with 1 at an average price of $1,271,125. The properties with the highest average price have 1 bedroom, Their price is 156 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,138,368.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $970 / sq.feet, with an average $248 / sq.feet price in West River. The properties with the highest average prices have 1 bedroom. They are 1396 % more expensive than the average followed by properties with 2 bedrooms with a price at $970 / sq.feet.
With regard to the average price based upon the property in West River we can see that most expensive property type is "House" at a price of $1,138,368, they are 130 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 130 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $970 / sq.feet. "House" at an average price of $970 / sq.feet has the most expensive price and would be directed at more affluent cities.