The prices in real estate in Fairfax, in the Vermont 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 Fairfax has increased during the last 6 months. In March, the average price per sq.feet was $423. In the following month the price per sq.feet decreased considerably to $197. The price for the following two months in (May, June) had a considerable increment of 171 %. The price per sq.feet has had a considerable increase of 132 % 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 $419.5 to $555.5 during July, and August.
Based upon to the price in Fairfax (cities), this has gone up considerably in the last 6 months. The price in March is $421,519, rising in April till $445,525. During the following two months (May, June) the average price had a considerable increase of 128 % 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 107 % 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 $546,814 they are 54 % more affordable than the average price for Fairfax. The properties with the lowest average price have 3 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 4 bedrooms priced at $443,355.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $244 / sq.feet, with an average $846 / sq.feet price in Fairfax. The properties with the lowest average prices have 1 bedroom. They are 50 % cheaper than the average followed by properties with 2 bedrooms with a price at $289 / sq.feet.
With regard to the average price based upon the property in Fairfax we can see that the cheapest property type is "House" at a price of $424,555, they are 22 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 22 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $231 / sq.feet. "House" with an average cost of $231 / sq.feet has the lowest price and would be directed at less affluent cities.