The prices in real estate in Old Saybrook, 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 Old Saybrook has remained the same in the last 6 months. In May, the average price per sq.feet was $383. In the following month the price per sq.feet increased considerably to $510. The price for the following two months in (July, August) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $390.5 to $363.5 during September, and October.
Based upon to the price in Old Saybrook (cities), this has gone up in the last 6 months. The average price during our first sample month during May, is $791,813. During June the price went through a considerable rise reaching $1,373,121. During the following two months (July, August) the average price had a considerable reduction of 69 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $913,807 to $768,337.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $800,311 they are 44 % more affordable than the average price for Old Saybrook. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $647,488.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $317 / sq.feet, with an average $373 / sq.feet price in Old Saybrook. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 4 bedrooms with a price at $385 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $800,311 it is 43 % cheaper than the average price in Old Saybrook. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Cottage". At a price of $639,998 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $227 / sq.feet followed by "Farm" priced at $251 / sq.feet. "House" is the most costly type of property with a $379 / sq.feet cost followed by "Cottage" with an average price of $278 / sq.feet.