The prices in real estate in South Burlington, in the Vermont 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 South Burlington has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $611. In the following month the price per sq.feet decreased considerably to $471. In the following two months the price per sq.feet has barely changed, going from $541 to $555.5 per sq.feet. The price per sq.feet has had a considerable deflation of 39 % 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 $548.25 to $216 during August, and September.
Based upon to the price in South Burlington (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $333,617. During May the price went through a considerable rise reaching $427,422. During the following two months (June, July) the price has had an average incrementation from $380,519.5 to $400,309. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $414,602 they are 13 % more affordable than the average price for South Burlington. The properties with the highest average price have 1 bedroom, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $361,052.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $212 / sq.feet price in South Burlington. The properties with the highest average prices have 4 bedrooms. They are 37 % more expensive than the average followed by properties with 1 bedroom with a price at $195 / 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 $360,829, they are 13 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 13 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $290 / sq.feet. "House" at an average price of $290 / sq.feet has the most expensive price and would be directed at more affluent cities.