The prices in real estate in Avon, in the Colorado 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 Avon has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,684. In the following month the price per sq.feet decreased considerably to $845. The price for the following two months in (September, October) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 56 % 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 $987.5 to $557 during November, and December.
Based upon to the price in Avon (cities), these have remained the same in the last 6 months. The average price during our first sample month during July, is $1,414,256. During August the price went through a considerable rise reaching $1,979,205. During the following two months (September, October) the average price had a considerable reduction of 73 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $1,467,380.5 to $1,247,897 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,090,803 they are 72 % more affordable than the average price for Avon. The properties with the highest average price have 4 bedrooms, Their price is 146 % more costly than the average. After that we have properties with 3 bedrooms priced at $738,011.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $270 / sq.feet, with an average $482 / sq.feet price in Avon. The properties with the highest average prices have 1 bedroom. They are 105 % more expensive than the average followed by properties with 4 bedrooms with a price at $902 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $1,090,803 it is 9 % more expensive than the average price in Avon. "Duplex" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "House". At a price of $3,286,377 it is 211 % 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 $449 / sq.feet followed by "Condo" priced at $851 / sq.feet. "Duplex" is the most costly type of property with a $8,643 / sq.feet cost followed by "Townhouse" with an average price of $1,049 / sq.feet.