The prices in real estate in Redding, 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 Redding has increased strongly during the last 6 months. In April, the average price per sq.feet was $183. In May this price pretty much remained the same at a value of $184 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $183.5 to $210 per sq.feet. The price per sq.feet has had a considerable increase of 121 % 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 $196.75 to $238.5 during August, and September.
Based upon to the price in Redding (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $711,797. In May This price remains at $697,202. During the following two months (June, July) the price has had an average incrementation from $704,499.5 to $742,654. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $839,056 they are 60 % more affordable than the average price for Redding. The properties with the highest average price have 1 bedroom, Their price is 62 % more costly than the average. After that we have properties with 4 bedrooms priced at $686,655.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $169 / sq.feet, with an average $250 / sq.feet price in Redding. The properties with the highest average prices have 1 bedroom. They are 989 % more expensive than the average followed by properties with 2 bedrooms with a price at $293 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $839,056 it is 36 % cheaper than the average price in Redding. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,161,995 it is 72 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $147 / sq.feet followed by "Townhouse" priced at $212 / sq.feet. "House" is the most costly type of property with a $2,348 / sq.feet cost followed by "Townhouse" with an average price of $212 / sq.feet.