The prices in real estate in Monte Vista, in the Colorado region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Monte Vista has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $24,402. In the following month the price per sq.feet decreased considerably to $10,515. The price for the following two months in (January, February) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 2 % 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 $8,800.5 to $143.5 during March, and April.
Based upon to the price in Monte Vista (cities), this has fallen considerably in the last 6 months. The average price for November is $537,000. During December the price had a considerable reduction till $246,857. In the following two months the average price has remained the same with regard to the previous two months from $391,928.5 to $377,147.5. 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 $384,538 and $380,126.5 between March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 54 % cheaper than the average price of $168,398 in Monte Vista. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 54 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 50 % cheaper than the average price of ($70 / sq.feet) in Monte Vista. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 50 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $367,748 it is 54 % cheaper than the average price in Monte Vista. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $227,645 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $70 / sq.feet followed by "Apartment" priced at $99 / sq.feet. "Townhouse" is the cheapest type of property with a $107 / sq.feet value followed by "Apartment" with an average price of $99 / sq.feet.