The prices in real estate in Hamden, 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 Hamden has increased strongly during the last 6 months. In October, the average price per sq.feet was $170. In the following month the price per sq.feet increased to $181. In the following two months the price per sq.feet has barely changed, going from $175.5 to $179 per sq.feet. The price per sq.feet has had a considerable increase of 138 % 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 $177.25 to $244 during February, and March.
Based upon to the price in Hamden (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $327,866. In November This price remains at $339,725. In the following two months the average price has remained the same with regard to the previous two months from $333,795.5 to $321,341. 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 1 bedroom are the cheapest ones. At a price of $390,517 they are 63 % more affordable than the average price for Hamden. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $322,780.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $193 / sq.feet, with an average $305 / sq.feet price in Hamden. The properties with the lowest average prices have 1 bedroom. They are 14 % cheaper than the average followed by properties with 4 bedrooms with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $390,517 it is 63 % cheaper than the average price in Hamden. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $360,003 it is 4 % 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 $190 / sq.feet followed by "House" priced at $222 / sq.feet. "Land" is the most costly type of property with a $59,558 / sq.feet cost followed by "House" with an average price of $222 / sq.feet.