The prices in real estate in Sturbridge, in the Massachusetts 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 Sturbridge has increased strongly during the last 6 months. In June, the average price per sq.feet was $249. In July this price pretty much remained the same at a value of $258 per sq.feet. The price for the following two months in (August, September) had a considerable increment of 255 %. The price per sq.feet has had a considerable increase of 126 % 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 $449.5 to $565.5 during October, and November.
Based upon to the price in Sturbridge (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is $563,373. In July This price remains at $579,236. In the following two months the average price has remained the same with regard to the previous two months from $571,304.5 to $563,451.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $567,378 to $530,820 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $488,477 they are 47 % more affordable than the average price for Sturbridge. The properties with the highest average price have 3 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 4 bedrooms priced at $513,012.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $280 / sq.feet, with an average $282 / sq.feet price in Sturbridge. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $305 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $488,477 it is 36 % cheaper than the average price in Sturbridge. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $313,391 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $103 / sq.feet followed by "House" priced at $278 / sq.feet. "House" is the cheapest type of property with a $278 / sq.feet value followed by "Land" with an average price of $103 / sq.feet.