The prices in real estate in Barrington, in the Illinois 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 Barrington has increased strongly during the last 6 months. In October, the average price per sq.feet was $2,290. In the following month the price per sq.feet decreased considerably to $1,893. The price for the following two months in (December, January) had a considerable increment of 142 %. The price per sq.feet has had a considerable increase of 143 % 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 $2,527.5 to $3,618 during February, and March.
Based upon to the price in Barrington (cities), this has gone up considerably in the last 6 months. The price in October is $890,263, rising in November till $1,021,773. During the following two months (December, January) the price has had an average incrementation from $956,018 to $1,012,544.5. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 $1,103,599 they are 85 % more affordable than the average price for Barrington. The properties with the lowest average price have 4 bedrooms, Their price is 44 % cheaper than the average. After that we have properties with 3 bedrooms priced at $422,537.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $165 / sq.feet, with an average $4,196 / sq.feet price in Barrington. The properties with the lowest average prices have 3 bedrooms. They are 95 % cheaper than the average followed by properties with 4 bedrooms with a price at $181 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,103,599 it is 78 % cheaper than the average price in Barrington. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $411,767 it is 44 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $69 / sq.feet followed by "House" priced at $153 / sq.feet. "Condo" is the cheapest type of property with a $192 / sq.feet value followed by "Apartment" with an average price of $188 / sq.feet.