The prices in real estate in New Fairfield, in the Connecticut 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 New Fairfield has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $1,771. In the following month the price per sq.feet decreased considerably to $222. The price for the following two months in (February, March) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % 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 $552.25 to $231 during April, and May.
Based upon to the price in New Fairfield (cities), this has fallen considerably in the last 6 months. The average price for December is $668,756. During January the price had a considerable reduction till $563,328. During the following two months (February, March) the average price had a considerable reduction of 44 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $328,170 they are 0 % more affordable than the average price for New Fairfield. The properties with the highest average price have 1 bedroom, Their price is 482 % more costly than the average. After that we have properties with 4 bedrooms priced at $527,997.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $162 / sq.feet, with an average $192 / sq.feet price in New Fairfield. The properties with the highest average prices have 1 bedroom. They are 2507 % more expensive than the average followed by properties with 2 bedrooms with a price at $239 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $328,170 it is 6 % more expensive than the average price in New Fairfield. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $346,366 it is 214 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $130 / sq.feet followed by "House" priced at $2,202 / sq.feet. "House" is the most costly type of property with a $2,202 / sq.feet cost followed by "Apartment" with an average price of $130 / sq.feet.