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 April, the average price per sq.feet was $278. In the following month the price per sq.feet increased considerably to $850. The price for the following two months in (June, July) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable increase of 143 % 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 $512.5 to $735 during August, and September.
Based upon to the price in Cripple Creek (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $361,283. In May This price remains at $345,860. During the following two months (June, July) the average price had a considerable increase of 119 % with regard to the previous two months. 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 $386,470.75 and $399,208 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $423,069 they are 38 % more affordable than the average price for Cripple Creek. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $473,150.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $240 / sq.feet, with an average $818 / sq.feet price in Cripple Creek. The properties with the lowest average prices have 1 bedroom. They are 55 % cheaper than the average followed by properties with 2 bedrooms with a price at $303 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $423,069 it is 74 % cheaper than the average price in Cripple Creek. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $264,453 it is 7 % 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 $65 / sq.feet followed by "Condo" priced at $263 / sq.feet. "Land" is the most costly type of property with a $21,011 / sq.feet cost followed by "House" with an average price of $278 / sq.feet.