The prices in real estate in Southington, in the Connecticut 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 Southington has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $285. In the following month the price per sq.feet decreased considerably to $144. The price for the following two months in (September, October) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $182.75 to $147 during November, and December.
Based upon to the price in Southington (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $303,581. In August This price remains at $292,386. In the following two months the average price has remained the same with regard to the previous two months from $297,983.5 to $295,432.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $296,708 to $281,096.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $280,573 they are 44 % more affordable than the average price for Southington. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $296,134.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $110 / sq.feet, with an average $150 / sq.feet price in Southington. The properties with the highest average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 4 bedrooms with a price at $148 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $280,573 it is 62 % cheaper than the average price in Southington. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $276,394 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $155 / sq.feet followed by "House" priced at $181 / sq.feet. "Condo" is the most costly type of property with a $994 / sq.feet cost followed by "House" with an average price of $181 / sq.feet.