The prices in real estate in Waterbury, in the Connecticut 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 Waterbury has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $486. In the following month the price per sq.feet decreased considerably to $362. The price for the following two months in (December, January) had a considerable decrease of 36 with regard to the prior two months. The price per sq.feet has had a considerable increase of 159 % 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 $287.75 to $456.5 during February, and March.
Based upon to the price in Waterbury (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $268,142. In November This price remains at $267,350. In the following two months the average price has remained the same with regard to the previous two months from $267,746 to $272,775. 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 $270,260.5 and $261,873 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 $276,794 they are 43 % more affordable than the average price for Waterbury. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $281,751.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $189 / sq.feet, with an average $761 / sq.feet price in Waterbury. The properties with the lowest average prices have 3 bedrooms. They are 65 % cheaper than the average followed by properties with 1 bedroom with a price at $213 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $276,794 it is 58 % cheaper than the average price in Waterbury. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $135,183 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $32 / sq.feet followed by "Detached House" priced at $47 / sq.feet. "House" is the cheapest type of property with a $745 / sq.feet value followed by "Condo" with an average price of $168 / sq.feet.