Property prices for sale in East Lyme (Connecticut)
The prices in real estate in East Lyme, in the Connecticut 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 East Lyme has increased during the last 6 months. In October, the average price per sq.feet was $285. In November this price pretty much remained the same at a value of $294 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $289.5 to $299 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $294.25 to $343.5 during February, and March.
Based upon to the price in East Lyme (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $590,880. In November This price remains at $598,863. In the following two months the average price has remained the same with regard to the previous two months from $594,871.5 to $609,435. 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 1 bedroom are the cheapest ones. At a price of $714,439 they are 52 % more affordable than the average price for East Lyme. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 3 bedrooms priced at $540,408.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $226 / sq.feet, with an average $394 / sq.feet price in East Lyme. The properties with the highest average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 2 bedrooms with a price at $343 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $714,439 it is 26 % cheaper than the average price in East Lyme. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $526,172 it is 19 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $258 / sq.feet followed by "Apartment" priced at $397 / sq.feet. "Apartment" is the most costly type of property with a $397 / sq.feet cost followed by "House" with an average price of $258 / sq.feet.
