The prices in real estate in New Canaan, 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 Canaan has increased strongly during the last 6 months. In October, the average price per sq.feet was $394. In the following month the price per sq.feet increased to $444. The price for the following two months in (December, January) had a considerable increment of 142 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $508 to $525 during February y March
Based upon to the price in New Canaan (cities), this has gone up considerably in the last 6 months. The price in October is $1,685,588, rising in November till $1,829,295. During the following two months (December, January) the price has had an average incrementation from $1,757,441.5 to $1,982,333.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,024,734 they are 76 % more affordable than the average price for New Canaan. The properties with the lowest average price have 3 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 4 bedrooms priced at $1,421,063.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $420 / sq.feet, with an average $492 / sq.feet price in New Canaan. The properties with the highest average prices have 2 bedrooms. They are 91 % more expensive than the average followed by properties with 3 bedrooms with a price at $640 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,024,734 it is 47 % cheaper than the average price in New Canaan. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,867,222 it is 20 % 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 $418 / sq.feet followed by "Condo" priced at $435 / sq.feet. "Land" is the most costly type of property with a $794,766 / sq.feet cost followed by "Duplex" with an average price of $2,559 / sq.feet.