The prices in real estate in Aurora, 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 Aurora has increased strongly during the last 6 months. In May, the average price per sq.feet was $139. In the following month the price per sq.feet increased considerably to $160. The price for the following two months in (July, August) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 120 % 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 $161.5 to $194 during September, and October.
Based upon to the price in Aurora (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $407,594. In June This price remains at $407,693. In the following two months the average price has remained the same with regard to the previous two months from $407,643.5 to $419,766. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $413,704.75 to $369,819 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $374,724 they are 52 % more affordable than the average price for Aurora. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $408,405.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $173 / sq.feet, with an average $198 / sq.feet price in Aurora. The properties with the highest average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $213 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $374,724 it is 40 % cheaper than the average price in Aurora. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $449,983 it is 32 % 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 $193 / sq.feet followed by "Villa" priced at $210 / sq.feet. "Townhouse" is the most costly type of property with a $228 / sq.feet cost followed by "Condo" with an average price of $215 / sq.feet.