The prices in real estate in Durango, in the Colorado region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Durango has increased during the last 6 months. In August, the average price per sq.feet was $282. In September this price pretty much remained the same at a value of $292 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $287 to $276.5 per sq.feet. The price per sq.feet has had a considerable increase of 122 % 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 $281.75 to $343 during December, and January.
Based upon to the price in Durango (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $628,665. In September This price remains at $599,249. During the following two months (October, November) the price has had an average incrementation from $613,957 to $674,894. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % 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 $831,371 they are 71 % more affordable than the average price for Durango. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $616,713.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $294 / sq.feet, with an average $378 / sq.feet price in Durango. The properties with the highest average prices have 4 bedrooms. They are 28 % more expensive than the average followed by properties with 1 bedroom with a price at $328 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $831,371 it is 65 % cheaper than the average price in Durango. "Farm" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $992,054 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $236 / sq.feet followed by "Townhouse" priced at $292 / sq.feet. "Commercial" is the most costly type of property with a $3,275 / sq.feet cost followed by "House" with an average price of $388 / sq.feet.