The prices in real estate in Barre, in the Vermont 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 Barre has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $876. In the following month the price per sq.feet decreased considerably to $160. The price for the following two months in (May, June) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 70 % 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 $355.75 to $248 during July, and August.
Based upon to the price in Barre (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $273,963. In April This price remains at $268,304. During the following two months (May, June) the price has had an average incrementation from $271,133.5 to $300,090.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $323,851 they are 97 % more affordable than the average price for Barre. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $258,576.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $28 / sq.feet, with an average $300 / sq.feet price in Barre. The properties with the lowest average prices have 3 bedrooms. They are 39 % cheaper than the average followed by properties with 2 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $323,851 it is 65 % cheaper than the average price in Barre. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $290,569 it is 3 % 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 $118 / sq.feet followed by "Detached House" priced at $129 / sq.feet. "House" is the cheapest type of property with a $157 / sq.feet value followed by "Detached House" with an average price of $129 / sq.feet.