The prices in real estate in Essex, in the Vermont region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Essex has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $195. In the following month the price per sq.feet decreased to $171. The price for the following two months in (May, June) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable increase of 128 % 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 $137.25 to $175.5 during July, and August.
Based upon to the price in Essex (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is $418,925. In April This price remains at $429,725. During the following two months (May, June) the average price had a considerable reduction of 78 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $376,995.75 to $352,513 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $344,974 they are 46 % more affordable than the average price for Essex. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $421,131.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $175 / sq.feet price in Essex. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $182 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $344,974 it is 21 % cheaper than the average price in Essex. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $270,870 it is 24 % 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 $169 / sq.feet followed by "House" priced at $189 / sq.feet. "House" is the most costly type of property with a $189 / sq.feet cost followed by "Condo" with an average price of $169 / sq.feet.