The prices in real estate in Durango, 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 Durango has increased strongly during the last 6 months. In March, the average price per sq.feet was $467. In the following month the price per sq.feet increased considerably to $718. The price for the following two months in (May, June) had a considerable increment of 184 %. The price per sq.feet has had a considerable increase of 123 % 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 $842.5 to $1,040 during July, and August.
Based upon to the price in Durango (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $569,233. In April This price remains at $542,869. During the following two months (May, June) the average price had a considerable increase of 119 % 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 gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $671,940 they are 27 % more affordable than the average price for Durango. The properties with the highest average price have 1 bedroom, Their price is 52 % more costly than the average. After that we have properties with 4 bedrooms priced at $773,185.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $752 / sq.feet, with an average $1,149 / sq.feet price in Durango. The properties with the highest average prices have 4 bedrooms. They are 494 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,101 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $671,940 it is 68 % cheaper than the average price in Durango. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $871,284 it is 106 % 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 $229 / sq.feet followed by "Commercial" priced at $257 / sq.feet. "Land" is the most costly type of property with a $1,555 / sq.feet cost followed by "House" with an average price of $1,352 / sq.feet.