The prices in real estate in Putnam, 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 Putnam has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $149. In the following month the price per sq.feet decreased considerably to $105. In the following two months the price per sq.feet has barely changed, going from $127 to $123.5 per sq.feet. The price per sq.feet has decreased 94 % 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 $125.25 to $117.5 during November, and December.
Based upon to the price in Putnam (cities), this has gone downing the last 6 months. The average price during our first sample month during July, is $264,667. During August the price went through a considerable rise reaching $312,225. During the following two months (September, October) the average price had a considerable reduction of 78 % 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 $256,464.75 to $232,394 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $237,079 they are 34 % more affordable than the average price for Putnam. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at $248,087.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $136 / sq.feet, with an average $113 / sq.feet price in Putnam. The properties with the highest average prices have 3 bedrooms. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $237,079 it is 26 % cheaper than the average price in Putnam. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $174,452 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $88 / sq.feet followed by "House" priced at $135 / sq.feet. "House" is the most costly type of property with a $135 / sq.feet cost followed by "Commercial" with an average price of $88 / sq.feet.