The prices in real estate in Colchester, in the Vermont 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 Colchester has increased strongly during the last 6 months. In March, the average price per sq.feet was $236. In the following month the price per sq.feet increased considerably to $337. The price for the following two months in (May, June) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 164 % 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 $271 to $444 during July, and August.
Based upon to the price in Colchester (cities), these have remained the same in the last 6 months. The average price for March is $369,142. During April the price had a slight fall till $348,474. In the following two months the average price has remained the same with regard to the previous two months from $358,808 to $356,783. 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 $357,795.5 and $369,243 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 $357,110 they are 57 % more affordable than the average price for Colchester. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 2 bedrooms priced at $403,406.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $182 / sq.feet, with an average $201 / sq.feet price in Colchester. The properties with the highest average prices have 2 bedrooms. They are 16 % more expensive than the average followed by properties with 1 bedroom with a price at $228 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $357,110 it is 8 % cheaper than the average price in Colchester. "Land" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $326,829 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $194 / sq.feet followed by "Land" priced at $212 / sq.feet. "Land" is the most costly type of property with a $212 / sq.feet cost followed by "House" with an average price of $194 / sq.feet.