The prices in real estate in Essex Junction, 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 Junction has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,395. In the following month the price per sq.feet decreased considerably to $756. In the following two months the price per sq.feet has increased 109 %, going from $1,075.5 to $1,169.5 per sq.feet. The price per sq.feet has had a considerable deflation of 16 % 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 $1,122.5 to $177 during August, and September.
Based upon to the price in Essex Junction (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $186,929. During May the price went through a considerable rise reaching $268,350. During the following two months (June, July) the average price had a considerable increase of 133 % 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 137 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $362,139 they are 41 % more affordable than the average price for Essex Junction. The properties with the lowest average price have 1 bedroom, Their price is 25 % cheaper than the average. After that we have properties with 3 bedrooms priced at $215,211.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $1,084 / sq.feet, with an average $177 / sq.feet price in Essex Junction. The properties with the highest average prices have 3 bedrooms. They are 836 % more expensive than the average followed by properties with 1 bedroom with a price at $1,084 / sq.feet.
With regard to the average price based upon the property in Essex Junction we can see that the cheapest property type is "House" at a price of $215,211, they are 41 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 41 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $1,656 / sq.feet. "House" at an average price of $1,656 / sq.feet has the most expensive price and would be directed at more affluent cities.