The prices in real estate in Tolland, 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 Tolland has increased strongly during the last 6 months. In October, the average price per sq.feet was $210. In November this price pretty much remained the same at a value of $205 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 321 %. The price per sq.feet has had a considerable increase of 262 % 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 $436.5 to $1,144.5 during February, and March.
Based upon to the price in Tolland (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $400,144. In November This price remains at $401,884. In the following two months the average price has remained the same with regard to the previous two months from $401,014 to $406,751.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $403,882.75 and $417,186.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $463,110 they are 40 % more affordable than the average price for Tolland. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $379,935.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $178 / sq.feet, with an average $233 / sq.feet price in Tolland. The properties with the highest average prices have 1 bedroom. They are 86 % more expensive than the average followed by properties with 4 bedrooms with a price at $202 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $463,110 it is 78 % cheaper than the average price in Tolland. "House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $424,052 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $197 / sq.feet followed by "Detached House" priced at $200 / sq.feet. "Land" is the most costly type of property with a $33,334 / sq.feet cost followed by "Detached House" with an average price of $200 / sq.feet.