The prices in real estate in Wheat Ridge, in the Colorado 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 Wheat Ridge has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $426. In the following month the price per sq.feet decreased considerably to $253. The price for the following two months in (September, October) had a considerable decrease of 74 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $296 to $245 during November, and December.
Based upon to the price in Wheat Ridge (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $469,019. In August This price remains at $478,089. In the following two months the average price has remained the same with regard to the previous two months from $473,554 to $473,476.5. 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 $473,515.25 and $482,065.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $484,429 they are 60 % more affordable than the average price for Wheat Ridge. 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 $451,035.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $228 / sq.feet, with an average $246 / sq.feet price in Wheat Ridge. The properties with the highest average prices have 3 bedrooms. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $271 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $484,429 it is 62 % cheaper than the average price in Wheat Ridge. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $456,162 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $186 / sq.feet followed by "House" priced at $266 / sq.feet. "Townhouse" is the most costly type of property with a $2,883 / sq.feet cost followed by "House" with an average price of $266 / sq.feet.