The prices in real estate in Bristol, in the Connecticut 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 Bristol has increased strongly during the last 6 months. In March, the average price per sq.feet was $278. In the following month the price per sq.feet increased considerably to $666. The price for the following two months in (May, June) had a considerable increment of 220 %. The price per sq.feet has had a considerable increase of 185 % 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 $755.25 to $1,394 during July, and August.
Based upon to the price in Bristol (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $189,407. In April This price remains at $189,828. During the following two months (May, June) the price has had an average incrementation from $189,617.5 to $199,273. 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 $194,445.25 and $201,355 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $197,017 they are 36 % more affordable than the average price for Bristol. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $206,314.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $50 / sq.feet, with an average $1,147 / sq.feet price in Bristol. The properties with the highest average prices have 3 bedrooms. They are 78 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,573 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $197,017 it is 1 % cheaper than the average price in Bristol. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $196,992 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $103 / sq.feet followed by "Commercial" priced at $113 / sq.feet. "House" is the most costly type of property with a $1,559 / sq.feet cost followed by "Commercial" with an average price of $113 / sq.feet.