The prices in real estate in Norwich, in the Connecticut region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Norwich has remained the same in the last 6 months. In August, the average price per sq.feet was $140. In September this price pretty much remained the same at a value of $140 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $140 to $134.5 per sq.feet. The price per sq.feet has decreased 95 % 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 $137.25 to $130 during December, and January.
Based upon to the price in Norwich (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $234,183. In September This price remains at $226,654. In the following two months the average price has remained the same with regard to the previous two months from $230,418.5 to $229,793. 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 $230,105.75 and $232,179 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $229,275 they are 32 % more affordable than the average price for Norwich. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $229,670.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $142 / sq.feet, with an average $127 / sq.feet price in Norwich. The properties with the highest average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 3 bedrooms with a price at $157 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $229,275 it is 45 % cheaper than the average price in Norwich. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $209,582 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $36 / sq.feet followed by "House" priced at $121 / sq.feet. "Condo" is the most costly type of property with a $195 / sq.feet cost followed by "Townhouse" with an average price of $140 / sq.feet.