The prices in real estate in Westwood, 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 Westwood has increased strongly during the last 6 months. In October, the average price per sq.feet was $558. In the following month the price per sq.feet decreased to $508. The price for the following two months in (December, January) had a considerable increment of 368 %. The price per sq.feet has had a considerable deflation of 47 % 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 $1,247.5 to $589.5 during February, and March.
Based upon to the price in Westwood (cities), this has gone up in the last 6 months. The price in October is $1,642,007, rising in November till $1,768,958. In the following two months the average price has remained the same with regard to the previous two months from $1,705,482.5 to $1,702,830. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $2,056,284 they are 71 % more affordable than the average price for Westwood. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,159,831.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $574 / sq.feet, with an average $596 / sq.feet price in Westwood. The properties with the highest average prices have 2 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at $629 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,056,284 it is 68 % cheaper than the average price in Westwood. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $1,990,579 it is 123 % 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 $540 / sq.feet followed by "Condo" priced at $611 / sq.feet. "Detached House" is the most costly type of property with a $661 / sq.feet cost followed by "Condo" with an average price of $611 / sq.feet.