The prices in real estate in Milford, 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 Milford has increased strongly during the last 6 months. In September, the average price per sq.feet was $427. In the following month the price per sq.feet increased considerably to $1,186. In the following two months the price per sq.feet has barely changed, going from $806.5 to $780 per sq.feet. The price per sq.feet has had a considerable deflation of 35 % 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 $793.25 to $281.5 during January, and February.
Based upon to the price in Milford (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $605,794. In October This price remains at $619,590. During the following two months (November, December) the price has had an average incrementation from $612,692 to $649,543. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $631,117.5 to $549,298.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $540,770 they are 57 % more affordable than the average price for Milford. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $543,648.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $277 / sq.feet, with an average $298 / sq.feet price in Milford. The properties with the highest average prices have 2 bedrooms. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $313 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $540,770 it is 51 % cheaper than the average price in Milford. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $440,226 it is 2 % 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 $155 / sq.feet followed by "Duplex" priced at $156 / sq.feet. "Condo" is the most costly type of property with a $342 / sq.feet cost followed by "Apartment" with an average price of $323 / sq.feet.