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 May, the average price per sq.feet was $282. In the following month the price per sq.feet decreased considerably to $237. The price for the following two months in (July, August) had a considerable increment of 201 %. The price per sq.feet has had a considerable deflation of 59 % 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 $390 to $229 during September, and October.
Based upon to the price in Bailey (cities), these have remained the same in the last 6 months. The price in May is $508,189, rising in June till $538,533. In the following two months the average price has remained the same with regard to the previous two months from $523,361 to $539,660.5. During the last two months the average price has had a strong fall compared to the previous four going from $531,510.75 to $432,003.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $432,790 they are 31 % more affordable than the average price for Bailey. The properties with the highest average price have 3 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 4 bedrooms priced at $515,863.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $184 / sq.feet, with an average $235 / sq.feet price in Bailey. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $247 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $432,790 it is 54 % cheaper than the average price in Bailey. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $239,939 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $236 / sq.feet followed by "Duplex" priced at $239 / sq.feet. "Condo" is the most costly type of property with a $242 / sq.feet cost followed by "Duplex" with an average price of $239 / sq.feet.