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 November, the average price per sq.feet was $193. In December this price pretty much remained the same at a value of $193 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $193 to $196.5 per sq.feet. The price per sq.feet has had a considerable increase of 121 % 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 $194.75 to $236 during March, and April.
Based upon to the price in Colchester (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $460,255. In December This price remains at $448,250. During the following two months (January, February) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $486,367 they are 77 % more affordable than the average price for Colchester. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 3 bedrooms priced at $290,540.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $103 / sq.feet, with an average $224 / sq.feet price in Colchester. The properties with the lowest average prices have 3 bedrooms. They are 30 % cheaper than the average followed by properties with 4 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $486,367 it is 64 % 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 $324,107 it is 33 % 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 $87 / sq.feet followed by "Office" priced at $89 / sq.feet. "Land" is the most costly type of property with a $8,848 / sq.feet cost followed by "House" with an average price of $134 / sq.feet.
