The prices in real estate in Grand Junction, 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 Grand Junction has increased strongly during the last 6 months. In April, the average price per sq.feet was $191. In the following month the price per sq.feet increased considerably to $883. The price for the following two months in (June, July) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 50 % 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 $368.75 to $186 during August, and September.
Based upon to the price in Grand Junction (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $418,268. During May the price went through a considerable rise reaching $553,747. During the following two months (June, July) the average price had a considerable increase of 122 % 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 $539,550 to $330,328, which means a 61 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $312,578 they are 41 % more affordable than the average price for Grand Junction. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $286,066.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $175 / sq.feet, with an average $181 / sq.feet price in Grand Junction. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $181 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $312,578 it is 26 % cheaper than the average price in Grand Junction. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $314,703 it is 68 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $167 / sq.feet followed by "Townhouse" priced at $174 / sq.feet. "Land" is the most costly type of property with a $337 / sq.feet cost followed by "House" with an average price of $180 / sq.feet.