Property prices for sale in Stonington (Connecticut)
The prices in real estate in Stonington, in the Connecticut 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 Stonington has increased strongly during the last 6 months. In October, the average price per sq.feet was $386. In November this price pretty much remained the same at a value of $387 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $386.5 to $403 per sq.feet. The price per sq.feet has had a considerable increase of 140 % 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 $394.75 to $552.5 during February, and March.
Based upon to the price in Stonington (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,028,229. In November This price remains at $1,004,781. During the following two months (December, January) the average price fell 88 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $953,446.25 to $789,084, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $827,321 they are 49 % more affordable than the average price for Stonington. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 2 bedrooms priced at $694,790.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $289 / sq.feet, with an average $787 / sq.feet price in Stonington. The properties with the lowest average prices have 1 bedroom. They are 12 % cheaper than the average followed by properties with 4 bedrooms with a price at $589 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $827,321 it is 84 % cheaper than the average price in Stonington. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $637,813 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $174 / sq.feet followed by "Condo" priced at $208 / sq.feet. "Land" is the most costly type of property with a $349,414 / sq.feet cost followed by "House" with an average price of $402 / sq.feet.
