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 September, the average price per sq.feet was $233. In the following month the price per sq.feet increased considerably to $271. In the following two months the price per sq.feet has increased 105 %, going from $252 to $265 per sq.feet. The price per sq.feet has had a considerable increase of 132 % 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 $258.5 to $340 during January, and February.
Based upon to the price in Mancos (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $697,579. In October This price remains at $667,522. In the following two months the average price has remained the same with regard to the previous two months from $682,550.5 to $664,787.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $880,966 they are 69 % more affordable than the average price for Mancos. The properties with the lowest average price have 3 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 4 bedrooms priced at $486,647.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $420 / sq.feet price in Mancos. The properties with the lowest average prices have 1 bedroom. They are 41 % cheaper than the average followed by properties with 3 bedrooms with a price at $224 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $880,966 it is 55 % 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 $565,811 it is 39 % 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 $171 / sq.feet followed by "House" priced at $209 / sq.feet. "Land" is the cheapest type of property with a $371 / sq.feet value followed by "House" with an average price of $209 / sq.feet.