The prices in real estate in Windham, in the Maine 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 Windham has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,382. In the following month the price per sq.feet decreased considerably to $355. The price for the following two months in (January, February) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 52 % 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 $593.5 to $306.5 during March, and April.
Based upon to the price in Windham (cities), these have remained the same in the last 6 months. The average price for November is $535,204. During December the price had a slight fall till $507,742. In the following two months the average price has remained the same with regard to the previous two months from $521,473 to $501,750.5. 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 $511,611.75 and $526,505.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $528,609 they are 60 % more affordable than the average price for Windham. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 2 bedrooms priced at $523,322.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $205 / sq.feet, with an average $308 / sq.feet price in Windham. The properties with the highest average prices have 2 bedrooms. They are 37 % more expensive than the average followed by properties with 3 bedrooms with a price at $305 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $528,609 it is 62 % cheaper than the average price in Windham. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $201,720 it is 0 % 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 $273 / sq.feet followed by "Land" priced at $95,037 / sq.feet. "Land" is the most costly type of property with a $95,037 / sq.feet cost followed by "House" with an average price of $273 / sq.feet.