The prices in real estate in Cripple Creek, 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 Cripple Creek has increased strongly during the last 6 months. In January, the average price per sq.feet was $160. In the following month the price per sq.feet increased considerably to $185. In the following two months the price per sq.feet has increased 106 %, going from $172.5 to $182 per sq.feet. The price per sq.feet has had a considerable increase of 377 % 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 $177.25 to $668 during May, and June.
Based upon to the price in Cripple Creek (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $248,535. During February the price went through a considerable rise reaching $310,106. During the following two months (March, April) the average price had a considerable increase of 119 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 157 % 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 $480,380 they are 59 % more affordable than the average price for Cripple Creek. The properties with the lowest average price have 2 bedrooms, Their price is 42 % cheaper than the average. After that we have properties with 1 bedroom priced at $198,655.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $249 / sq.feet, with an average $611 / sq.feet price in Cripple Creek. The properties with the lowest average prices have 1 bedroom. They are 24 % cheaper than the average followed by properties with 2 bedrooms with a price at $249 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $480,380 it is 43 % cheaper than the average price in Cripple Creek. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $275,270 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $105 / sq.feet followed by "House" priced at $249 / sq.feet. "House" is the cheapest type of property with a $249 / sq.feet value followed by "Duplex" with an average price of $105 / sq.feet.