The prices in real estate in Colorado City, in the Colorado 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 Colorado City has increased strongly during the last 6 months. In March, the average price per sq.feet was $127. In April this price pretty much remained the same at a value of $121 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $124 to $133.5 per sq.feet. The price per sq.feet has had a considerable increase of 134 % 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 $128.75 to $172 during July, and August.
Based upon to the price in Colorado City (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $277,311. In April This price remains at $272,530. During the following two months (May, June) the average price had a considerable increase of 120 % 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 108 % 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 $332,488 they are 55 % more affordable than the average price for Colorado City. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $235,743.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $124 / sq.feet, with an average $176 / sq.feet price in Colorado City. The properties with the lowest average prices have 1 bedroom. They are 8 % cheaper than the average followed by properties with 2 bedrooms with a price at $142 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $332,488 it is 10 % more expensive than the average price in Colorado City. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $366,373 it is 69 % 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 $129 / sq.feet followed by "Apartment" priced at $176 / sq.feet. "Apartment" is the cheapest type of property with a $176 / sq.feet value followed by "House" with an average price of $129 / sq.feet.