Property prices for sale in Colchester (Connecticut)
The prices in real estate in Colchester, in the Connecticut region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Colchester has increased during the last 6 months. In March, the average price per sq.feet was $248. In the following month the price per sq.feet decreased to $224. In the following two months the price per sq.feet has increased 113 %, going from $236 to $267 per sq.feet. The price per sq.feet has increased 111 % 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 $251.5 to $278.5 during July, and August.
Based upon to the price in Colchester (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $488,188. In April This price remains at $486,367. In the following two months the average price has remained the same with regard to the previous two months from $487,277.5 to $483,968.5. 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 $485,623 and $491,286 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 $434,022 they are 75 % more affordable than the average price for Colchester. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $289,378.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $99 / sq.feet, with an average $260 / sq.feet price in Colchester. The properties with the lowest average prices have 3 bedrooms. They are 41 % cheaper than the average followed by properties with 4 bedrooms with a price at $132 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $434,022 it is 60 % cheaper than the average price in Colchester. "Condo" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "House". At a price of $322,810 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $83 / sq.feet followed by "Office" priced at $85 / sq.feet. "Land" is the most costly type of property with a $8,812 / sq.feet cost followed by "House" with an average price of $130 / sq.feet.
