The prices in real estate in Crested Butte, in the Colorado region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Crested Butte has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $2,675. In the following month the price per sq.feet increased considerably to $3,855. The price for the following two months in (September, October) had a considerable decrease of 35 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $2,195.75 to $548.5 during November, and December.
Based upon to the price in Crested Butte (cities), this has gone downing the last 6 months. The average price for July is $1,034,991. During August the price had a slight fall till $949,929. In the following two months the average price has remained the same with regard to the previous two months from $992,460 to $998,774.5. 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 $995,617.25 and $959,942.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,208,218 they are 76 % more affordable than the average price for Crested Butte. The properties with the highest average price have 4 bedrooms, Their price is 102 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,042,250.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $483 / sq.feet, with an average $571 / 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 3 bedrooms with a price at $617 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,208,218 it is 66 % cheaper than the average price in Crested Butte. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $613,470 it is 84 % 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 $489 / sq.feet followed by "House" priced at $603 / sq.feet. "Land" is the most costly type of property with a $7,828 / sq.feet cost followed by "House" with an average price of $603 / sq.feet.