The prices in real estate in Dolores, 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 Dolores has increased strongly during the last 6 months. In October, the average price per sq.feet was $234. In the following month the price per sq.feet increased to $264. In the following two months the price per sq.feet has barely changed, going from $249 to $238 per sq.feet. The price per sq.feet has had a considerable increase of 180 % 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 $243.5 to $439 during February, and March.
Based upon to the price in Dolores (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $597,824. During November the price went through a considerable rise reaching $722,520. During the following two months (December, January) the average price fell 93 % 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 135 % 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 $986,588 they are 75 % more affordable than the average price for Dolores. The properties with the lowest average price have 3 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 2 bedrooms priced at $496,170.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $174 / sq.feet, with an average $596 / sq.feet price in Dolores. The properties with the lowest average prices have 2 bedrooms. They are 22 % cheaper than the average followed by properties with 3 bedrooms with a price at $298 / sq.feet.
With regard to the average price based upon the property in Dolores we can see that the cheapest property type is "House" at a price of $876,303, they are 11 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 11 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $333 / sq.feet. "House" with an average cost of $333 / sq.feet has the lowest price and would be directed at less affluent cities.