The prices in real estate in Colfax, in the California 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 Colfax has increased strongly during the last 6 months. In February, the average price per sq.feet was $274. In March this price pretty much remained the same at a value of $283 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 153 %. The price per sq.feet has had a considerable increase of 124 % 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 $352.25 to $437 during June, and July.
Based upon to the price in Colfax (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $567,342. In March This price remains at $555,946. During the following two months (April, May) the average price had a considerable increase of 188 % 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 risen strongly 122 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $585,456 they are 53 % more affordable than the average price for Colfax. The properties with the highest average price have 1 bedroom, Their price is 42 % more costly than the average. After that we have properties with 4 bedrooms priced at $603,973.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $205 / sq.feet, with an average $243 / sq.feet price in Colfax. The properties with the highest average prices have 1 bedroom. They are 480 % more expensive than the average followed by properties with 2 bedrooms with a price at $212 / sq.feet.
With regard to the average price based upon the property in Colfax we can see that the cheapest property type is "House" at a price of $420,713, they are 28 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 28 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $204 / sq.feet. "House" with an average cost of $204 / sq.feet has the lowest price and would be directed at less affluent cities.