The prices in real estate in Glenwood Springs, in the Colorado 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 Glenwood Springs has increased strongly during the last 6 months. In March, the average price per sq.feet was $826. In the following month the price per sq.feet increased considerably to $1,066. The price for the following two months in (May, June) had a considerable increment of 163 %. The price per sq.feet has had a considerable deflation of 84 % 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 $1,243.75 to $1,043 during July, and August.
Based upon to the price in Glenwood Springs (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $478,835. In April This price remains at $496,728. During the following two months (May, June) the average price fell 92 % 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 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $508,589 they are 12 % more affordable than the average price for Glenwood Springs. The properties with the highest average price have 1 bedroom, Their price is 172 % more costly than the average. After that we have properties with 4 bedrooms priced at $762,664.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $251 / sq.feet, with an average $938 / sq.feet price in Glenwood Springs. The properties with the highest average prices have 4 bedrooms. They are 253 % more expensive than the average followed by properties with 1 bedroom with a price at $2,210 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $508,589 it is 69 % cheaper than the average price in Glenwood Springs. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $635,209 it is 46 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $242 / sq.feet followed by "Condo" priced at $257 / sq.feet. "Land" is the most costly type of property with a $1,803 / sq.feet cost followed by "House" with an average price of $1,682 / sq.feet.