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 January, the average price per sq.feet was $1,072. In the following month the price per sq.feet increased considerably to $2,330. In the following two months the price per sq.feet has increased 114 %, going from $1,701 to $1,936 per sq.feet. The price per sq.feet has had a considerable increase of 207 % 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 $1,818.5 to $3,756 during May, and June.
Based upon to the price in Crested Butte (cities), these have remained the same in the last 6 months. The average price for January is $993,834. During February the price had a slight fall till $933,758. In the following two months the average price has remained the same with regard to the previous two months from $963,796 to $981,843.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $1,341,250 they are 83 % more affordable than the average price for Crested Butte. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $946,360.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $381 / sq.feet, with an average $2,778 / sq.feet price in Crested Butte. The properties with the highest average prices have 4 bedrooms. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $525 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,341,250 it is 73 % cheaper than the average price in Crested Butte. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $623,126 it is 42 % 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 $481 / sq.feet followed by "House" priced at $2,424 / sq.feet. "Commercial" is the most costly type of property with a $10,617 / sq.feet cost followed by "House" with an average price of $2,424 / sq.feet.