The prices in real estate in Sutton, 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 Sutton has increased strongly during the last 6 months. In March, the average price per sq.feet was $306. In April this price pretty much remained the same at a value of $293 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 289 %. The price per sq.feet has had a considerable deflation of 52 % 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 $582.75 to $303.5 during July, and August.
Based upon to the price in Sutton (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $747,470. In April This price remains at $753,140. In the following two months the average price has remained the same with regard to the previous two months from $750,305 to $758,875.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $754,590.25 to $689,521 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $683,636 they are 67 % more affordable than the average price for Sutton. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $469,012.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $164 / sq.feet, with an average $312 / sq.feet price in Sutton. The properties with the lowest average prices have 1 bedroom. They are 41 % cheaper than the average followed by properties with 4 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $683,636 it is 36 % cheaper than the average price in Sutton. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $624,868 it is 1565 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $154 / sq.feet followed by "Commercial Property" priced at $160 / sq.feet. "Townhouse" is the most costly type of property with a $19,061 / sq.feet cost followed by "Commercial Property" with an average price of $160 / sq.feet.