The prices in real estate in Bristol, in the Connecticut 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 Bristol has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $1,147. In the following month the price per sq.feet decreased considerably to $259. The price for the following two months in (October, November) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 30 % 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 $411.75 to $122.5 during December, and January.
Based upon to the price in Bristol (cities), this has gone up in the last 6 months. The price in August is $197,017, rising in September till $218,726. In the following two months the average price has remained the same with regard to the previous two months from $207,871.5 to $208,757. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $208,314.25 and $208,552.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $203,147 they are 41 % more affordable than the average price for Bristol. The properties with the highest average price have 3 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 4 bedrooms priced at $220,052.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $119 / sq.feet, with an average $123 / sq.feet price in Bristol. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $133 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $203,147 it is 74 % cheaper than the average price in Bristol. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $194,050 it is 4 % 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 $98 / sq.feet followed by "Condo" priced at $117 / sq.feet. "Land" is the most costly type of property with a $836 / sq.feet cost followed by "House" with an average price of $118 / sq.feet.