The prices in real estate in Bristol, in the Indiana 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 October, the average price per sq.feet was $159. In the following month the price per sq.feet increased to $175. The price for the following two months in (December, January) had a considerable increment of 441 %. The price per sq.feet has had a considerable increase of 243 % 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 $451.5 to $1,097.5 during February, and March.
Based upon to the price in Bristol (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $428,043. In November This price remains at $407,957. During the following two months (December, January) 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 pretty much remained the same with regard to the previous average values going from an average value of $450,573 and $452,670 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $415,955 they are 23 % more affordable than the average price for Bristol. The properties with the lowest average price have 1 bedroom, Their price is 22 % cheaper than the average. After that we have properties with 2 bedrooms priced at $323,524.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $65 / sq.feet, with an average $2,001 / sq.feet price in Bristol. The properties with the lowest average prices have 1 bedroom. They are 96 % cheaper than the average followed by properties with 2 bedrooms with a price at $70 / sq.feet.
With regard to the average price based upon the property in Bristol we can see that the cheapest property type is "Condo" at a price of $321,907, they are 23 % more affordable than the average price of (!PRECIO2!). "Condo" has the lowest price. This price is 23 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Condo with an average price of $65 / sq.feet. "Condo" with an average cost of $65 / sq.feet has the lowest price and would be directed at less affluent cities.