The prices in real estate in Coventry, in the Connecticut 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 Coventry has increased strongly during the last 6 months. In October, the average price per sq.feet was $217. In November this price pretty much remained the same at a value of $207 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 160 %. The price per sq.feet has had a considerable increase of 745 % 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 $275.5 to $2,051.5 during February, and March.
Based upon to the price in Coventry (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $362,113. In November This price remains at $362,213. In the following two months the average price has remained the same with regard to the previous two months from $362,163 to $378,199.5. 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 $370,181.25 and $371,690.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $355,019 they are 41 % more affordable than the average price for Coventry. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at $334,161.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $175 / sq.feet, with an average $3,883 / sq.feet price in Coventry. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $206 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $355,019 it is 47 % cheaper than the average price in Coventry. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $297,712 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $118 / sq.feet followed by "Condo" priced at $193 / sq.feet. "House" is the cheapest type of property with a $194 / sq.feet value followed by "Condo" with an average price of $193 / sq.feet.