The prices in real estate in Torrington, in the Wyoming region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Torrington has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,913. In the following month the price per sq.feet decreased considerably to $1,002. The price for the following two months in (January, February) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 23 % 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 $894.5 to $206 during March, and April.
Based upon to the price in Torrington (cities), this has fallen considerably in the last 6 months. The average price for November is $5,519,389. During December the price had a considerable reduction till $489,438. During the following two months (January, February) the average price had a considerable reduction of 11 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,674,396.5 to $274,152, which means a 16 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 44 % cheaper than the average price of $154,557 in Torrington. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 44 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 52 % cheaper than the average price of ($75 / sq.feet) in Torrington. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 52 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $277,036 it is 44 % cheaper than the average price in Torrington. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $154,557 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $57 / sq.feet followed by "House" priced at $75 / sq.feet. "House" is the cheapest type of property with a $75 / sq.feet value followed by "Commercial" with an average price of $57 / sq.feet.