The prices in real estate in New Britain, 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 New Britain has increased strongly during the last 6 months. In June, the average price per sq.feet was $108. In the following month the price per sq.feet increased considerably to $319. The price for the following two months in (August, September) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 62 % 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 $153.25 to $94.5 during October, and November.
Based upon to the price in New Britain (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is $166,400. In July This price remains at $165,716. In the following two months the average price has remained the same with regard to the previous two months from $166,058 to $170,169. 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 $168,113.5 and $172,118.5 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $180,936 they are 64 % more affordable than the average price for New Britain. The properties with the highest average price have 4 bedrooms, Their price is 0 % more costly than the average. After that we have properties with 3 bedrooms priced at $171,720.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $97 / sq.feet, with an average $97 / sq.feet price in New Britain. The properties with the highest average prices have 2 bedrooms. They are 49 % more expensive than the average followed by properties with 3 bedrooms with a price at $119 / sq.feet.
The graph displaying the average prices displays the property type "Triplex" as the most affordable one. At an cost of $180,936 it is 35 % cheaper than the average price in New Britain. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $151,594 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $75 / sq.feet followed by "Triplex" priced at $88 / sq.feet. "Apartment" is the most costly type of property with a $106 / sq.feet cost followed by "Triplex" with an average price of $88 / sq.feet.