Property prices for sale in Old Saybrook (Connecticut)
The prices in real estate in Old Saybrook, 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 Old Saybrook has increased strongly during the last 6 months. In November, the average price per sq.feet was $464. In the following month the price per sq.feet decreased considerably to $375. In the following two months the price per sq.feet has barely changed, going from $419.5 to $430 per sq.feet. The price per sq.feet has had a considerable increase of 226 % 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 $424.75 to $959.5 during March, and April.
Based upon to the price in Old Saybrook (cities), this has gone up considerably in the last 6 months. The average price for November is $827,585. During December the price had a considerable reduction till $661,956. During the following two months (January, February) the average price had a considerable increase of 116 % 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 163 % 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 $1,408,439 they are 68 % more affordable than the average price for Old Saybrook. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,237,028.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $582 / sq.feet, with an average $603 / sq.feet price in Old Saybrook. The properties with the highest average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $697 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,408,439 it is 67 % cheaper than the average price in Old Saybrook. "Cottage" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $1,172,410 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Cottage" at an average cost of $236 / sq.feet followed by "Condo" priced at $256 / sq.feet. "Land" is the most costly type of property with a $82,734 / sq.feet cost followed by "House" with an average price of $544 / sq.feet.
