The prices in real estate in South Burlington, in the Vermont 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 South Burlington has increased strongly during the last 6 months. In January, the average price per sq.feet was $252. In the following month the price per sq.feet decreased considerably to $209. The price for the following two months in (March, April) had a considerable increment of 1021 %. The price per sq.feet has had a considerable increase of 237 % 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 $1,292 to $3,060 during May, and June.
Based upon to the price in South Burlington (cities), this has gone up considerably in the last 6 months. The price in January is $407,446, rising in February till $437,895. During the following two months (March, April) the price has had an average incrementation from $422,670.5 to $476,817. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $522,431 they are 32 % more affordable than the average price for South Burlington. The properties with the lowest average price have 1 bedroom, Their price is 27 % cheaper than the average. After that we have properties with 2 bedrooms priced at $361,414.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $171 / sq.feet, with an average $3,051 / sq.feet price in South Burlington. The properties with the lowest average prices have 4 bedrooms. They are 91 % cheaper than the average followed by properties with 1 bedroom with a price at $202 / sq.feet.
With regard to the average price based upon the property in South Burlington we can see that the cheapest property type is "House" at a price of $357,590, they are 32 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 32 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $281 / sq.feet. "House" with an average cost of $281 / sq.feet has the lowest price and would be directed at less affluent cities.