Property prices for sale in Portland (Connecticut)
The prices in real estate in Portland, 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 Portland has increased strongly during the last 6 months. In April, the average price per sq.feet was $197. In the following month the price per sq.feet increased to $221. In the following two months the price per sq.feet has barely changed, going from $209 to $206.5 per sq.feet. The price per sq.feet has had a considerable increase of 255 % 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 $207.75 to $530.5 during August, and September.
Based upon to the price in Portland (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $381,547. During May the price went through a considerable rise reaching $453,712. During the following two months (June, July) the average price fell 94 % 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 109 % 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 $379,662 they are 45 % more affordable than the average price for Portland. The properties with the highest average price have 3 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 2 bedrooms priced at $383,417.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $174 / sq.feet, with an average $839 / sq.feet price in Portland. The properties with the lowest average prices have 2 bedrooms. They are 68 % cheaper than the average followed by properties with 3 bedrooms with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $379,662 it is 67 % cheaper than the average price in Portland. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $168,055 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $47 / sq.feet followed by "Condo" priced at $124 / sq.feet. "House" is the cheapest type of property with a $193 / sq.feet value followed by "Condo" with an average price of $124 / sq.feet.
