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 September, the average price per sq.feet was $181. In October this price pretty much remained the same at a value of $188 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $184.5 to $203.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $194 to $198 during January y February
Based upon to the price in Colchester (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $414,745. In October This price remains at $404,429. In the following two months the average price has remained the same with regard to the previous two months from $409,587 to $421,606. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $458,714 they are 76 % more affordable than the average price for Colchester. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at $293,172.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $112 / sq.feet, with an average $199 / sq.feet price in Colchester. The properties with the lowest average prices have 3 bedrooms. They are 17 % cheaper than the average followed by properties with 4 bedrooms with a price at $150 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $458,714 it is 61 % 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 $328,687 it is 28 % 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 $101 / sq.feet followed by "Office" priced at $103 / sq.feet. "Land" is the most costly type of property with a $8,974 / sq.feet cost followed by "House" with an average price of $148 / sq.feet.