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 December, the average price per sq.feet was $218. In the following month the price per sq.feet increased considerably to $371. The price for the following two months in (February, March) had a considerable increment of 699 %. The price per sq.feet has had a considerable deflation of 27 % 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 $1,177 to $319 during April, and May.
Based upon to the price in South Burlington (cities), these have remained the same in the last 6 months. The average price for December is $654,214. During January the price had a considerable reduction till $436,571. During the following two months (February, March) the price has had an average incrementation from $545,392.5 to $577,845.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 155 % 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 $890,543 they are 66 % more affordable than the average price for South Burlington. The properties with the lowest average price have 4 bedrooms, Their price is 38 % cheaper than the average. After that we have properties with 3 bedrooms priced at $468,528.
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 $317 / sq.feet price in South Burlington. The properties with the highest average prices have 4 bedrooms. They are 481 % more expensive than the average followed by properties with 3 bedrooms with a price at $441 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $890,543 it is 68 % 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 $417,014 it is 43 % 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 $166 / sq.feet followed by "Townhouse" priced at $270 / sq.feet. "House" is the most costly type of property with a $2,255 / sq.feet cost followed by "Condo" with an average price of $675 / sq.feet.