The prices in real estate in Essex Junction, in the Vermont 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 Essex Junction has increased strongly during the last 6 months. In October, the average price per sq.feet was $332. In November this price pretty much remained the same at a value of $320 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $326 to $329 per sq.feet. The price per sq.feet has had a considerable increase of 190 % 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 $327.5 to $621.5 during February, and March.
Based upon to the price in Essex Junction (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $457,463. In November This price remains at $449,840. During the following two months (December, January) the price has had an average incrementation from $453,651.5 to $489,250.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $529,556 they are 61 % more affordable than the average price for Essex Junction. The properties with the lowest average price have 1 bedroom, Their price is 50 % cheaper than the average. After that we have properties with 2 bedrooms priced at $262,590.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $1,006 / sq.feet, with an average $877 / sq.feet price in Essex Junction. The properties with the highest average prices have 3 bedrooms. They are 79 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,558 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $529,556 it is 62 % cheaper than the average price in Essex Junction. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $203,867 it is 61 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $1,548 / sq.feet followed by "House" priced at $1,558 / sq.feet. "House" is the most costly type of property with a $1,558 / sq.feet cost followed by "Condo" with an average price of $1,548 / sq.feet.