The prices in real estate in Denver, in the Colorado region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Denver has fallen in the last 6 months. In April, the average price per sq.feet was $318. In May this price pretty much remained the same at a value of $305 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $311.5 to $306.5 per sq.feet. The price per sq.feet has decreased 89 % 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 $309 to $273.5 during August, and September.
Based upon to the price in Denver (cities), this has gone downing the last 6 months. The average price for April is $592,162. During May the price had a slight fall till $504,352. In the following two months the average price has remained the same with regard to the previous two months from $548,257 to $532,573. 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 $540,415 and $514,768 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 $508,913 they are 35 % more affordable than the average price for Denver. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $466,361.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $235 / sq.feet, with an average $278 / sq.feet price in Denver. The properties with the highest average prices have 1 bedroom. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at $313 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $508,913 it is 4 % cheaper than the average price in Denver. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $568,139 it is 19 % 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 $238 / sq.feet followed by "House" priced at $244 / sq.feet. "Office" is the most costly type of property with a $282 / sq.feet cost followed by "House" with an average price of $244 / sq.feet.