Property prices for sale in Prospect (Connecticut)
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 October, the average price per sq.feet was $268. In the following month the price per sq.feet decreased to $242. The price for the following two months in (December, January) had a considerable increment of 295 %. The price per sq.feet has had a considerable increase of 224 % 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 $503.25 to $1,126 during February, and March.
Based upon to the price in Prospect (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $466,749. In November This price remains at $444,641. In the following two months the average price has remained the same with regard to the previous two months from $455,695 to $458,984.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $457,339.75 to $428,509 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $429,616 they are 68 % more affordable than the average price for Prospect. The properties with the lowest average price have 3 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 4 bedrooms priced at $301,106.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $85 / sq.feet, with an average $1,392 / sq.feet price in Prospect. The properties with the lowest average prices have 2 bedrooms. They are 90 % cheaper than the average followed by properties with 3 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $429,616 it is 35 % cheaper than the average price in Prospect. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $289,345 it is 31 % 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 $122 / sq.feet followed by "House" priced at $129 / sq.feet. "Apartment" is the cheapest type of property with a $143 / sq.feet value followed by "House" with an average price of $129 / sq.feet.
