The prices in real estate in Aspen, in the Colorado 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 Aspen has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,414. In November this price pretty much remained the same at a value of $1,429 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 116 %. 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 $1,538.5 to $1,696 during February, and March.
Based upon to the price in Aspen (cities), these have remained the same in the last 6 months. The average price for October is $4,896,819. During November the price had a slight fall till $4,587,124. In the following two months the average price has remained the same with regard to the previous two months from $4,741,971.5 to $4,824,749.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $5,604,644 they are 85 % more affordable than the average price for Aspen. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,107,659.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,242 / sq.feet, with an average $1,717 / sq.feet price in Aspen. The properties with the highest average prices have 4 bedrooms. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,281 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $5,604,644 it is 77 % cheaper than the average price in Aspen. "Commercial" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $10,330,039 it is 92 % 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 $1,237 / sq.feet followed by "Commercial" priced at $1,428 / sq.feet. "Townhouse" is the most costly type of property with a $2,867 / sq.feet cost followed by "Duplex" with an average price of $2,845 / sq.feet.