The prices in real estate in Monument, in the Colorado 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 Monument has increased strongly during the last 6 months. In April, the average price per sq.feet was $139. In May this price pretty much remained the same at a value of $145 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 171 %. The price per sq.feet has had a considerable deflation of 77 % 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 $192.25 to $147.5 during August, and September.
Based upon to the price in Monument (cities), this has gone up in the last 6 months. The price in April is $474,338, rising in May till $509,505. During the following two months (June, July) the price has had an average incrementation from $491,921.5 to $519,974. 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 $505,947.75 and $521,514.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $523,111 they are 29 % more affordable than the average price for Monument. The properties with the lowest average price have 4 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 1 bedroom priced at $465,741.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $141 / sq.feet, with an average $147 / sq.feet price in Monument. The properties with the highest average prices have 2 bedrooms. They are 40 % more expensive than the average followed by properties with 3 bedrooms with a price at $163 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $523,111 it is 17 % cheaper than the average price in Monument. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $463,979 it is 6 % 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 $124 / sq.feet followed by "Condo" priced at $125 / sq.feet. "Office" is the most costly type of property with a $156 / sq.feet cost followed by "Land" with an average price of $147 / sq.feet.