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 October, the average price per sq.feet was $192. In the following month the price per sq.feet increased to $218. In the following two months the price per sq.feet has increased 109 %, going from $205 to $223 per sq.feet. The price per sq.feet has had a considerable increase of 208 % 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 $214 to $445 during February, and March.
Based upon to the price in Cripple Creek (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $284,603. During November the price went through a considerable rise reaching $328,377. During the following two months (December, January) the price has had an average incrementation from $306,490 to $347,397. During the last two months the average price has had a strong fall compared to the previous four going from $326,943.5 to $253,313.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $244,371 they are 36 % more affordable than the average price for Cripple Creek. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at $346,323.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $183 / sq.feet, with an average $658 / sq.feet price in Cripple Creek. The properties with the lowest average prices have 1 bedroom. They are 61 % cheaper than the average followed by properties with 3 bedrooms with a price at $202 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most costly one. At an cost of $244,371 it is 12 % more expensive than the average price in Cripple Creek. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Duplex". At a price of $272,798 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $96 / sq.feet followed by "House" priced at $173 / sq.feet. "House" is the cheapest type of property with a $173 / sq.feet value followed by "Duplex" with an average price of $96 / sq.feet.