The prices in real estate in Bayfield, in the Colorado region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Bayfield has fallen in the last 6 months. In September, the average price per sq.feet was $324. In October this price pretty much remained the same at a value of $336 per sq.feet. The price for the following two months in (November, December) decreased 90 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $313.5 to $293 during January, and February.
Based upon to the price in Bayfield (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $717,152. In October This price remains at $739,119. In the following two months the average price has remained the same with regard to the previous two months from $728,135.5 to $692,549. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $710,342.25 to $629,781.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $673,505 they are 71 % more affordable than the average price for Bayfield. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 3 bedrooms priced at $372,796.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $145 / sq.feet, with an average $306 / sq.feet price in Bayfield. The properties with the lowest average prices have 2 bedrooms. They are 33 % cheaper than the average followed by properties with 4 bedrooms with a price at $166 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $673,505 it is 50 % 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 $335,685 it is 38 % 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 $145 / sq.feet followed by "House" priced at $178 / sq.feet. "House" is the cheapest type of property with a $178 / sq.feet value followed by "Commercial" with an average price of $145 / sq.feet.