The prices in real estate in Crested Butte, 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 Crested Butte has increased strongly during the last 6 months. In December, the average price per sq.feet was $571. In January this price pretty much remained the same at a value of $545 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 212 %. The price per sq.feet has had a considerable deflation of 74 % 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 $871 to $646.5 during April, and May.
Based upon to the price in Crested Butte (cities), this has gone downing the last 6 months. The average price for December is $1,208,218. During January the price had a considerable reduction till $969,169. In the following two months the average price has remained the same with regard to the previous two months from $1,088,693.5 to $1,039,615. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $1,064,337 they are 80 % more affordable than the average price for Crested Butte. The properties with the highest average price have 4 bedrooms, Their price is 113 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,379,500.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $409 / sq.feet, with an average $590 / sq.feet price in Crested Butte. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $603 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,064,337 it is 67 % cheaper than the average price in Crested Butte. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $347,028 it is 105 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $478 / sq.feet followed by "House" priced at $671 / sq.feet. "House" is the most costly type of property with a $671 / sq.feet cost followed by "Condo" with an average price of $478 / sq.feet.