The prices in real estate in Prospect, in the Connecticut region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Prospect has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $183. In the following month the price per sq.feet increased to $206. The price for the following two months in (March, April) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has increased 112 % 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 $140.75 to $157 during May, and June.
Based upon to the price in Prospect (cities), this has fallen considerably in the last 6 months. The price in January is $307,584, rising in February till $329,699. During the following two months (March, April) the average price had a considerable reduction of 50 % 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 risen strongly 133 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $315,000 they are 0 % more affordable than the average price for Prospect. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 1 bedroom priced at $328,622.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $159 / sq.feet price in Prospect. The properties with the highest average prices have 2 bedrooms. They are 28 % more expensive than the average followed by properties with 1 bedroom with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $315,000 it is 3 % cheaper than the average price in Prospect. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $306,354 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Farm" at an average cost of $179 / sq.feet followed by "House" priced at $201 / sq.feet. "House" is the most costly type of property with a $201 / sq.feet cost followed by "Farm" with an average price of $179 / sq.feet.