Property prices for sale in Montrose (Colorado)
The prices in real estate in Montrose, 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 Montrose has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $3,618. In the following month the price per sq.feet decreased considerably to $706. The price for the following two months in (May, June) had a considerable increment of 155 %. The price per sq.feet has had a considerable deflation of 60 % 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 $2,756.25 to $1,655.5 during July, and August.
Based upon to the price in Montrose (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $675,699. In April This price remains at $676,196. In the following two months the average price has remained the same with regard to the previous two months from $675,947.5 to $692,019.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $683,983.5 to $628,068 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $586,913 they are 23 % more affordable than the average price for Montrose. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $564,071.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $300 / sq.feet, with an average $729 / sq.feet price in Montrose. The properties with the lowest average prices have 1 bedroom. They are 18 % cheaper than the average followed by properties with 2 bedrooms with a price at $408 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $586,913 it is 29 % cheaper than the average price in Montrose. "Land" is seen as the second most affordable property type. The dearest property type is "Ranch" followed by "House". At a price of $620,276 it is 189 % 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 $306 / sq.feet followed by "Condo" priced at $400 / sq.feet. "Land" is the most costly type of property with a $73,837 / sq.feet cost followed by "Ranch" with an average price of $8,260 / sq.feet.
