The prices in real estate in Fairfield, in the Connecticut 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 Fairfield has increased strongly during the last 6 months. In May, the average price per sq.feet was $352. In the following month the price per sq.feet increased considerably to $763. The price for the following two months in (July, August) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $454.25 to $294.5 during September, and October.
Based upon to the price in Fairfield (cities), this has gone downing the last 6 months. The average price during our first sample month during May, is $975,597. During June the price went through a considerable rise reaching $1,142,716. During the following two months (July, August) the average price had a considerable reduction of 85 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $979,668.25 to $746,046, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $724,637 they are 57 % more affordable than the average price for Fairfield. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $582,121.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $274 / sq.feet, with an average $289 / sq.feet price in Fairfield. The properties with the highest average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 4 bedrooms with a price at $289 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $724,637 it is 45 % cheaper than the average price in Fairfield. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $525,299 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $220 / sq.feet followed by "Townhouse" priced at $225 / sq.feet. "House" is the most costly type of property with a $299 / sq.feet cost followed by "Condo" with an average price of $262 / sq.feet.