The prices in real estate in Coventry, in the Rhode Island 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 September, the average price per sq.feet was $1,272. In the following month the price per sq.feet increased considerably to $1,919. In the following two months the price per sq.feet has increased 110 %, going from $1,595.5 to $1,750.5 per sq.feet. The price per sq.feet has had a considerable deflation of 69 % 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 $1,673 to $1,153.5 during January, and February.
Based upon to the price in Coventry (cities), this has gone up in the last 6 months. The price in September is $409,774, rising in October till $447,807. During the following two months (November, December) the price has had an average incrementation from $428,790.5 to $463,178. 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 $445,984.25 and $459,247.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $481,577 they are 44 % more affordable than the average price for Coventry. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $480,715.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $215 / sq.feet, with an average $1,013 / sq.feet price in Coventry. The properties with the highest average prices have 4 bedrooms. They are 135 % more expensive than the average followed by properties with 3 bedrooms with a price at $458 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $481,577 it is 74 % cheaper than the average price in Coventry. "Farm" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $599,960 it is 69 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $35 / sq.feet followed by "Farm" priced at $80 / sq.feet. "Land" is the most costly type of property with a $70,551 / sq.feet cost followed by "Condo" with an average price of $4,827 / sq.feet.