The prices in real estate in Black Hawk, in the Colorado 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 Black Hawk has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $792. In the following month the price per sq.feet decreased considerably to $208. The price for the following two months in (June, July) had a considerable increment of 181 %. The price per sq.feet has had a considerable deflation of 39 % 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 $703.25 to $272.5 during August, and September.
Based upon to the price in Black Hawk (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $706,238. During May the price went through a considerable rise reaching $1,010,800. During the following two months (June, July) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $928,342.75 to $446,794.5, which means a 48 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $560,256 they are 18 % more affordable than the average price for Black Hawk. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $568,218.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $217 / sq.feet, with an average $253 / sq.feet price in Black Hawk. The properties with the highest average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 2 bedrooms with a price at $316 / sq.feet.
With regard to the average price based upon the property in Black Hawk we can see that most expensive property type is "House" at a price of $572,018, they are 2 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 2 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $262 / sq.feet. "House" at an average price of $262 / sq.feet has the most expensive price and would be directed at more affluent cities.