The prices in real estate in Middlebury, 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 Middlebury has increased strongly during the last 6 months. In October, the average price per sq.feet was $242. In November this price pretty much remained the same at a value of $248 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $245 to $236 per sq.feet. The price per sq.feet has had a considerable increase of 218 % 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 $240.5 to $523.5 during February, and March.
Based upon to the price in Middlebury (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $824,310. In November This price remains at $821,484. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $781,270 and $766,770 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $765,079 they are 85 % more affordable than the average price for Middlebury. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $454,801.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $108 / sq.feet, with an average $757 / sq.feet price in Middlebury. The properties with the lowest average prices have 2 bedrooms. They are 71 % cheaper than the average followed by properties with 3 bedrooms with a price at $184 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $765,079 it is 37 % cheaper than the average price in Middlebury. "Condo" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Condo". At a price of $525,039 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $174 / sq.feet followed by "Townhouse" priced at $193 / sq.feet. "Condo" is the cheapest type of property with a $197 / sq.feet value followed by "Townhouse" with an average price of $193 / sq.feet.