The prices in real estate in Stowe, 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 Stowe has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,023. In the following month the price per sq.feet decreased considerably to $274. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 410 % 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 $717.75 to $2,939.5 during February, and March.
Based upon to the price in Stowe (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $1,030,560. In November This price remains at $1,062,485. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 189 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $999,367 they are 73 % more affordable than the average price for Stowe. The properties with the lowest average price have 4 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 3 bedrooms priced at $386,211.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $374 / sq.feet price in Stowe. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $227 / sq.feet.
With regard to the average price based upon the property in Stowe we can see that the cheapest property type is "House" at a price of $457,510, they are 54 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 54 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $230 / sq.feet. "House" with an average cost of $230 / sq.feet has the lowest price and would be directed at less affluent cities.