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 February, the average price per sq.feet was $220. In the following month the price per sq.feet increased considerably to $1,581. The price for the following two months in (April, May) had a considerable increment of 187 %. 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 $1,292 to $1,562.5 during June, and July.
Based upon to the price in Colchester (cities), these have remained the same in the last 6 months. The average price for February is $437,359. During March the price had a slight fall till $371,850. During the following two months (April, May) the price has had an average incrementation from $404,604.5 to $438,604.5. 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 $421,604.5 and $433,189.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $411,043 they are 36 % more affordable than the average price for Colchester. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $400,901.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $198 / sq.feet, with an average $425 / sq.feet price in Colchester. The properties with the highest average prices have 4 bedrooms. They are 938 % more expensive than the average followed by properties with 3 bedrooms with a price at $555 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $411,043 it is 11 % cheaper than the average price in Colchester. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $368,725 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $146 / sq.feet followed by "Townhouse" priced at $201 / sq.feet. "House" is the most costly type of property with a $4,180 / sq.feet cost followed by "Townhouse" with an average price of $201 / sq.feet.