The prices in real estate in Colorado City, in the Colorado region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Colorado City has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $126. In the following month the price per sq.feet increased considerably to $146. The price for the following two months in (April, May) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable increase of 183 % 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 $79.5 to $145.5 during June, and July.
Based upon to the price in Colorado City (cities), this has fallen considerably in the last 6 months. The price in February is $270,142, rising in March till $301,977. During the following two months (April, May) the average price had a considerable reduction of 15 % 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 175 % 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 $243,173 they are 46 % more affordable than the average price for Colorado City. 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 $237,951.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $145 / sq.feet price in Colorado City. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $159 / sq.feet.
With regard to the average price based upon the property in Colorado City we can see that most expensive property type is "House" at a price of $369,321, they are 52 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 52 % more expensive 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 $137 / sq.feet. "House" with an average cost of $137 / sq.feet has the lowest price and would be directed at less affluent cities.