The prices in real estate in Colorado Springs, in the Colorado region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Colorado Springs has fallen in the last 6 months. In November, the average price per sq.feet was $163. In December this price pretty much remained the same at a value of $158 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $160.5 to $158 per sq.feet. The price per sq.feet has decreased 89 % 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 $159.25 to $142.5 during March, and April.
Based upon to the price in Colorado Springs (cities), this has fallen considerably in the last 6 months. The average price for November is $530,032. During December the price had a considerable reduction till $439,158. During the following two months (January, February) the average price fell 86 % with regard to the previous two months. 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 $451,065.25 and $433,146 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $497,876 they are 66 % more affordable than the average price for Colorado Springs. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 3 bedrooms priced at $341,558.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $156 / sq.feet price in Colorado Springs. The properties with the highest average prices have 1 bedroom. They are 95 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $497,876 it is 21 % cheaper than the average price in Colorado Springs. "Office" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $396,353 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $122 / sq.feet followed by "Townhouse" priced at $136 / sq.feet. "Apartment" is the most costly type of property with a $163 / sq.feet cost followed by "House" with an average price of $138 / sq.feet.