The prices in real estate in Steamboat Springs, in the Colorado 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 Steamboat Springs has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $522. In the following month the price per sq.feet decreased considerably to $402. In the following two months the price per sq.feet has barely changed, going from $462 to $466 per sq.feet. The price per sq.feet has had a considerable deflation of 84 % 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 $464 to $387.5 during September, and October.
Based upon to the price in Steamboat Springs (cities), this has gone downing the last 6 months. The average price for May is $994,625. During June the price had a considerable reduction till $837,773. During the following two months (July, August) the price has had an average incrementation from $916,199 to $1,037,219.5. During the last two months the average price has had a strong fall compared to the previous four going from $976,709.25 to $821,902, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $751,365 they are 62 % more affordable than the average price for Steamboat Springs. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at $726,818.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $379 / sq.feet, with an average $384 / sq.feet price in Steamboat Springs. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 4 bedrooms with a price at $412 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $751,365 it is 21 % cheaper than the average price in Steamboat Springs. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $1,048,148 it is 85 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $439 / sq.feet followed by "Land" priced at $456 / sq.feet. "Apartment" is the most costly type of property with a $532 / sq.feet cost followed by "Land" with an average price of $456 / sq.feet.