The prices in real estate in Rocky Hill, 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 Rocky Hill has increased strongly during the last 6 months. In March, the average price per sq.feet was $136. In the following month the price per sq.feet increased considerably to $159. In the following two months the price per sq.feet has increased 109 %, going from $147.5 to $161.5 per sq.feet. The price per sq.feet has increased 107 % 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 $154.5 to $166 during July, and August.
Based upon to the price in Rocky Hill (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $330,087. During April the price went through a considerable rise reaching $407,600. During the following two months (May, June) the average price had a considerable increase of 120 % 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 124 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $449,920 they are 73 % more affordable than the average price for Rocky Hill. The properties with the lowest average price have 4 bedrooms, Their price is 0 % cheaper than the average. After that we have properties with 3 bedrooms priced at $301,613.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $140 / sq.feet, with an average $156 / sq.feet price in Rocky Hill. The properties with the lowest average prices have 4 bedrooms. They are 3 % cheaper than the average followed by properties with 3 bedrooms with a price at $148 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $449,920 it is 36 % cheaper than the average price in Rocky Hill. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $298,923 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $64 / sq.feet followed by "Office" priced at $65 / sq.feet. "Condo" is the cheapest type of property with a $132 / sq.feet value followed by "Townhouse" with an average price of $127 / sq.feet.