The prices in real estate in Snowmass, in the Colorado 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 Snowmass has increased strongly during the last 6 months. In October, the average price per sq.feet was $841. In the following month the price per sq.feet increased to $885. In the following two months the price per sq.feet has increased 114 %, going from $863 to $980 per sq.feet. The price per sq.feet has increased 113 % 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 $921.5 to $1,044 during February, and March.
Based upon to the price in Snowmass (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $3,288,198. During November the price went through a considerable rise reaching $4,022,019. During the following two months (December, January) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $4,016,825.75 and $4,065,591.5 between 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 $4,343,200 they are 91 % more affordable than the average price for Snowmass. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $2,144,922.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $575 / sq.feet, with an average $1,150 / sq.feet price in Snowmass. The properties with the lowest average prices have 4 bedrooms. They are 24 % cheaper than the average followed by properties with 1 bedroom with a price at $712 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $4,343,200 it is 91 % cheaper than the average price in Snowmass. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $376,967 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $722 / sq.feet followed by "House" priced at $807 / sq.feet. "House" is the cheapest type of property with a $807 / sq.feet value followed by "Condo" with an average price of $722 / sq.feet.