The prices in real estate in Bayfield, 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 Bayfield has increased strongly during the last 6 months. In November, the average price per sq.feet was $214. In the following month the price per sq.feet increased considerably to $249. The price for the following two months in (January, February) had a considerable increment of 126 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $262 to $275 during March y April
Based upon to the price in Bayfield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $451,484. During December the price went through a considerable rise reaching $555,575. During the following two months (January, February) the average price had a considerable increase of 142 % 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 115 % 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 $676,233 they are 71 % more affordable than the average price for Bayfield. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $381,104.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $167 / sq.feet, with an average $269 / sq.feet price in Bayfield. The properties with the lowest average prices have 2 bedrooms. They are 16 % cheaper than the average followed by properties with 4 bedrooms with a price at $188 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $676,233 it is 49 % cheaper than the average price in Bayfield. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $343,169 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $167 / sq.feet followed by "House" priced at $200 / sq.feet. "House" is the cheapest type of property with a $200 / sq.feet value followed by "Commercial" with an average price of $167 / sq.feet.