The prices in real estate in Middlebury, 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 Middlebury has increased strongly during the last 6 months. In January, the average price per sq.feet was $127. In February this price pretty much remained the same at a value of $122 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 931 %. The price per sq.feet has had a considerable increase of 203 % 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 $642 to $1,304.5 during May, and June.
Based upon to the price in Middlebury (cities), these have remained the same in the last 6 months. The price in January is $210,911, rising in February till $228,611. In the following two months the average price has remained the same with regard to the previous two months from $219,761 to $216,798. 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 $218,279.5 and $209,500 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $199,468 they are 23 % more expensive than the average price for Middlebury. Following this ranking we find those properties with 2 at an average price of $264,146. The properties with the highest average price have 2 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 1 bedroom priced at $245,297.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $119 / sq.feet, with an average $1,451 / sq.feet price in Middlebury. The properties with the lowest average prices have 2 bedrooms. They are 74 % cheaper than the average followed by properties with 1 bedroom with a price at $119 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $199,468 it is 32 % more expensive than the average price in Middlebury. "Commercial" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Land". At a price of $264,146 it is 46 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $119 / sq.feet followed by "Land" priced at $373 / sq.feet. "Land" is the cheapest type of property with a $373 / sq.feet value followed by "Commercial" with an average price of $119 / sq.feet.