The prices in real estate in Torrington, in the Connecticut region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Torrington has increased during the last 6 months. In September, the average price per sq.feet was $645. In the following month the price per sq.feet increased considerably to $836. The price for the following two months in (November, December) had a considerable increment of 123 %. 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 $824.75 to $430.5 during January, and February.
Based upon to the price in Torrington (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $268,043. In October This price remains at $268,136. In the following two months the average price has remained the same with regard to the previous two months from $268,089.5 to $262,151. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $265,120.25 to $247,349.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $249,362 they are 50 % more affordable than the average price for Torrington. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $261,075.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $152 / sq.feet, with an average $404 / sq.feet price in Torrington. The properties with the lowest average prices have 1 bedroom. They are 53 % cheaper than the average followed by properties with 3 bedrooms with a price at $175 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $249,362 it is 43 % cheaper than the average price in Torrington. "Detached House" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "House". At a price of $249,327 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $34 / sq.feet followed by "Detached House" priced at $39 / sq.feet. "Condo" is the cheapest type of property with a $153 / sq.feet value followed by "House" with an average price of $148 / sq.feet.