The prices in real estate in Mancos, 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 Mancos has increased strongly during the last 6 months. In November, the average price per sq.feet was $426. In the following month the price per sq.feet increased considerably to $730. The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 653 % 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 $545.5 to $3,560 during March, and April.
Based upon to the price in Mancos (cities), these have remained the same in the last 6 months. The average price for November is $1,048,312. During December the price had a considerable reduction till $665,649. During the following two months (January, February) the average price had a considerable increase of 169 % 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 $1,153,700.25 to $864,619.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $917,967 they are 55 % more affordable than the average price for Mancos. The properties with the lowest average price have 3 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 4 bedrooms priced at $711,873.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $265 / sq.feet, with an average $2,878 / sq.feet price in Mancos. The properties with the lowest average prices have 1 bedroom. They are 84 % cheaper than the average followed by properties with 4 bedrooms with a price at $436 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $917,967 it is 58 % cheaper than the average price in Mancos. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $787,144 it is 28 % 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 $133 / sq.feet followed by "House" priced at $304 / sq.feet. "Land" is the cheapest type of property with a $333 / sq.feet value followed by "House" with an average price of $304 / sq.feet.