The prices in real estate in Prospect, 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 Prospect has increased strongly during the last 6 months. In April, the average price per sq.feet was $104. In the following month the price per sq.feet increased considerably to $181. In the following two months the price per sq.feet has increased 112 %, going from $142.5 to $160 per sq.feet. The price per sq.feet has increased 109 % 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 $151.25 to $165 during August, and September.
Based upon to the price in Prospect (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $179,248. During May the price went through a considerable rise reaching $361,632. During the following two months (June, July) the average price had a considerable increase of 129 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $309,516.5 to $280,228 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $275,431 they are 48 % more affordable than the average price for Prospect. The properties with the highest average price have 3 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 4 bedrooms priced at $317,480.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $121 / sq.feet, with an average $163 / sq.feet price in Prospect. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $275,431 it is 3 % more expensive than the average price in Prospect. "Condo" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $288,039 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $162 / sq.feet followed by "Townhouse" priced at $164 / sq.feet. "Condo" is the most costly type of property with a $179 / sq.feet cost followed by "Townhouse" with an average price of $164 / sq.feet.