The prices in real estate in Portland, in the Connecticut region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Portland has fallen in the last 6 months. In August, the average price per sq.feet was $162. In the following month the price per sq.feet decreased to $144. The price for the following two months in (October, November) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 95 % 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 $148.5 to $141 during December, and January.
Based upon to the price in Portland (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $246,305. In September This price remains at $248,113. In the following two months the average price has remained the same with regard to the previous two months from $247,209 to $237,878. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $278,988 they are 45 % more affordable than the average price for Portland. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $255,035.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $127 / sq.feet, with an average $143 / sq.feet price in Portland. The properties with the highest average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $177 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $278,988 it is 37 % cheaper than the average price in Portland. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $175,641 it is 10 % 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 $91 / sq.feet followed by "House" priced at $151 / sq.feet. "House" is the most costly type of property with a $151 / sq.feet cost followed by "Townhouse" with an average price of $91 / sq.feet.