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 July, the average price per sq.feet was $372. In the following month the price per sq.feet increased considerably to $3,869. The price for the following two months in (September, October) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 13 % 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 $1,592.25 to $200.5 during November, and December.
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 July, is $437,009. During August the price went through a considerable rise reaching $507,759. In the following two months the average price has remained the same with regard to the previous two months from $472,384 to $473,868. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $654,214 they are 53 % more affordable than the average price for South Burlington. The properties with the lowest average price have 4 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 3 bedrooms priced at $470,879.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $180 / sq.feet, with an average $218 / sq.feet price in South Burlington. The properties with the highest average prices have 4 bedrooms. They are 749 % more expensive than the average followed by properties with 3 bedrooms with a price at $446 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $654,214 it is 57 % cheaper than the average price in South Burlington. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $419,108 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $171 / sq.feet followed by "Townhouse" priced at $275 / sq.feet. "House" is the most costly type of property with a $2,270 / sq.feet cost followed by "Condo" with an average price of $680 / sq.feet.