Property prices for sale in Montpelier (Vermont)
The prices in real estate in Montpelier, 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 Montpelier has increased strongly during the last 6 months. In October, the average price per sq.feet was $229. In November this price pretty much remained the same at a value of $232 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $230.5 to $261.5 per sq.feet. The price per sq.feet has had a considerable increase of 166 % 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 $246 to $409.5 during February, and March.
Based upon to the price in Montpelier (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $376,608. In November This price remains at $387,043. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $357,314 to $331,394 in 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 $414,829 they are 73 % more affordable than the average price for Montpelier. The properties with the highest average price have 3 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 2 bedrooms priced at $409,529.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $544 / sq.feet price in Montpelier. The properties with the highest average prices have 3 bedrooms. They are 375 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,258 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $414,829 it is 57 % cheaper than the average price in Montpelier. "House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $294,590 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $210 / sq.feet followed by "House" priced at $241 / sq.feet. "Condo" is the cheapest type of property with a $332 / sq.feet value followed by "House" with an average price of $241 / sq.feet.
