The prices in real estate in Ludlow, in the Vermont 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 Ludlow has increased strongly during the last 6 months. In March, the average price per sq.feet was $269. In the following month the price per sq.feet increased to $292. The price for the following two months in (May, June) had a considerable increment of 736 %. The price per sq.feet has had a considerable increase of 317 % 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 $1,172.5 to $3,712.5 during July, and August.
Based upon to the price in Ludlow (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $578,153. In April This price remains at $550,431. During the following two months (May, June) the price has had an average incrementation from $564,292 to $625,181.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % 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 $783,500 they are 76 % more affordable than the average price for Ludlow. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $385,067.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $178 / sq.feet, with an average $3,599 / sq.feet price in Ludlow. The properties with the lowest average prices have 2 bedrooms. They are 92 % cheaper than the average followed by properties with 1 bedroom with a price at $237 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $783,500 it is 83 % cheaper than the average price in Ludlow. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Land". At a price of $131,016 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $413 / sq.feet followed by "Land" priced at $436 / sq.feet. "Land" is the cheapest type of property with a $436 / sq.feet value followed by "Condo" with an average price of $413 / sq.feet.