Property prices for sale in Bailey (Colorado)
The prices in real estate in Bailey, 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 Bailey has increased strongly during the last 6 months. In October, the average price per sq.feet was $350. In November this price pretty much remained the same at a value of $349 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $349.5 to $342 per sq.feet. The price per sq.feet has had a considerable increase of 528 % 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 $345.75 to $1,825 during February, and March.
Based upon to the price in Bailey (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $641,281. In November This price remains at $624,078. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $632,896 they are 63 % more affordable than the average price for Bailey. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $670,137.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $291 / sq.feet, with an average $3,334 / sq.feet price in Bailey. The properties with the lowest average prices have 2 bedrooms. They are 88 % cheaper than the average followed by properties with 1 bedroom with a price at $399 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $632,896 it is 68 % cheaper than the average price in Bailey. "Detached House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $603,230 it is 1 % 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 $312 / sq.feet followed by "Detached House" priced at $320 / sq.feet. "Land" is the most costly type of property with a $129,810 / sq.feet cost followed by "Detached House" with an average price of $320 / sq.feet.
