The prices in real estate in Basalt, 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 Basalt has increased strongly during the last 6 months. In June, the average price per sq.feet was $404. In the following month the price per sq.feet increased to $443. In the following two months the price per sq.feet has increased 111 %, going from $423.5 to $468.5 per sq.feet. The price per sq.feet has increased 107 % 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 $446 to $479 during October, and November.
Based upon to the price in Basalt (cities), these have remained the same in the last 6 months. The price in June is $1,288,500, rising in July till $1,475,167. During the following two months (August, September) the average price fell 91 % 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 $1,318,904 to $1,126,319 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,248,895 they are 8 % more affordable than the average price for Basalt. The properties with the highest average price have 2 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 1 bedroom priced at $1,143,609.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $400 / sq.feet, with an average $529 / sq.feet price in Basalt. The properties with the highest average prices have 2 bedrooms. They are 294 % more expensive than the average followed by properties with 1 bedroom with a price at $400 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,248,895 it is 23 % cheaper than the average price in Basalt. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $993,839 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $358 / sq.feet followed by "Duplex" priced at $396 / sq.feet. "House" is the most costly type of property with a $2,086 / sq.feet cost followed by "Duplex" with an average price of $396 / sq.feet.