The prices in real estate in Hartford, in the Vermont region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Hartford has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $239. In the following month the price per sq.feet decreased to $219. The price for the following two months in (July, August) had a considerable decrease of 70 with regard to the prior two months. 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 $194.75 to $164.5 during September, and October.
Based upon to the price in Hartford (cities), this has fallen considerably in the last 6 months. The average price for May is $724,542. During June the price had a slight fall till $649,243. During the following two months (July, August) the average price had a considerable reduction of 48 % 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 $508,761.25 to $327,448.5, which means a 64 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $319,416 they are 54 % more affordable than the average price for Hartford. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at $359,796.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $129 / sq.feet, with an average $164 / sq.feet price in Hartford. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $175 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $319,416 it is 32 % cheaper than the average price in Hartford. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $216,774 it is 16 % 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 $159 / sq.feet followed by "House" priced at $170 / sq.feet. "House" is the most costly type of property with a $170 / sq.feet cost followed by "Condo" with an average price of $159 / sq.feet.