The prices in real estate in Old Greenwich, 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 Old Greenwich has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $29,122. In the following month the price per sq.feet decreased considerably to $4,861. The price for the following two months in (May, June) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 7 % 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 $8,824.75 to $590.5 during July, and August.
Based upon to the price in Old Greenwich (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during March, is $2,156,508. During April the price went through a considerable rise reaching $2,640,000. During the following two months (May, June) the average price had a considerable reduction of 56 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $1,874,477 to $1,727,033 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $1,637,710 they are 55 % more expensive than the average price for Old Greenwich. Following this ranking we find those properties with 2 at an average price of $3,003,763. The properties with the highest average price have 2 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 1 bedroom priced at $2,536,185.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $5,965 / sq.feet, with an average $586 / sq.feet price in Old Greenwich. The properties with the highest average prices have 1 bedroom. They are 1000 % more expensive than the average followed by properties with 2 bedrooms with a price at $5,965 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $1,637,710 it is 28 % more expensive than the average price in Old Greenwich. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $2,096,512 it is 83 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $5,965 / sq.feet followed by "Condo" priced at $10,166 / sq.feet. "Condo" is the most costly type of property with a $10,166 / sq.feet cost followed by "House" with an average price of $5,965 / sq.feet.