The prices in real estate in North Stonington, 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 North Stonington has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,498. In the following month the price per sq.feet decreased considerably to $376. The price for the following two months in (December, January) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable increase of 150 % 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 $648.75 to $974 during February, and March.
Based upon to the price in North Stonington (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $611,514. In November This price remains at $625,841. During the following two months (December, January) the average price fell 86 % 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 gone up 108 % 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 $678,684 they are 51 % more affordable than the average price for North Stonington. The properties with the highest average price have 3 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 4 bedrooms priced at $444,434.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $279 / sq.feet, with an average $1,568 / sq.feet price in North Stonington. The properties with the lowest average prices have 1 bedroom. They are 72 % cheaper than the average followed by properties with 3 bedrooms with a price at $384 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $678,684 it is 61 % cheaper than the average price in North Stonington. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $267,414 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $317 / sq.feet followed by "Land" priced at $52,072 / sq.feet. "Land" is the most costly type of property with a $52,072 / sq.feet cost followed by "House" with an average price of $317 / sq.feet.