The prices in real estate in Fairfax, 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 Fairfax has increased strongly during the last 6 months. In October, the average price per sq.feet was $258. In the following month the price per sq.feet increased to $276. The price for the following two months in (December, January) had a considerable increment of 1369 %. The price per sq.feet has had a considerable increase of 343 % 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 $1,961 to $6,729 during February, and March.
Based upon to the price in Fairfax (cities), this has gone downing the last 6 months. The average price for October is $417,893. During November the price had a slight fall till $378,042. In the following two months the average price has remained the same with regard to the previous two months from $397,967.5 to $392,824. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $395,395.75 and $387,100 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $421,519 they are 40 % more affordable than the average price for Fairfax. The properties with the highest average price have 3 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 4 bedrooms priced at $445,581.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $249 / sq.feet, with an average $423 / sq.feet price in Fairfax. The properties with the highest average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at $294 / sq.feet.
With regard to the average price based upon the property in Fairfax we can see that most expensive property type is "House" at a price of $426,686, they are 1 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 1 % more expensive 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 $236 / sq.feet. "House" with an average cost of $236 / sq.feet has the lowest price and would be directed at less affluent cities.