The prices in real estate in Palisade, in the Colorado 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 Palisade has increased strongly during the last 6 months. In November, the average price per sq.feet was $228. In the following month the price per sq.feet increased considerably to $314. In the following two months the price per sq.feet has increased 114 %, going from $271 to $309 per sq.feet. The price per sq.feet has had a considerable increase of 894 % 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 $290 to $2,593 during March, and April.
Based upon to the price in Palisade (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $493,188. During December the price went through a considerable rise reaching $756,732. 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 gone up 108 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 17 % cheaper than the average price of $611,088 in Palisade. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 17 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 63 % cheaper than the average price of ($140 / sq.feet) in Palisade. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 63 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $737,810 it is 58 % cheaper than the average price in Palisade. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $311,198 it is 17 % 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 $140 / sq.feet followed by "Townhouse" priced at $4,870 / sq.feet. "Townhouse" is the most costly type of property with a $4,870 / sq.feet cost followed by "House" with an average price of $140 / sq.feet.