The prices in real estate in Wheat Ridge, in the Colorado 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 Wheat Ridge has increased strongly during the last 6 months. In July, the average price per sq.feet was $242. In the following month the price per sq.feet increased considerably to $285. In the following two months the price per sq.feet has increased 111 %, going from $263.5 to $293 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $278.25 to $289 during November y 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 $504,879. In August This price remains at $497,385. During the following two months (September, October) the average price fell 95 % with regard to the previous two months. 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 $487,389.25 and $501,102 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 $506,790 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 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $482,861.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $255 / sq.feet, with an average $287 / sq.feet price in Wheat Ridge. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $285 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $506,790 it is 64 % 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 "Condo". At a price of $394,686 it is 11 % 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 $174 / sq.feet followed by "House" priced at $265 / sq.feet. "Townhouse" is the most costly type of property with a $2,847 / sq.feet cost followed by "Condo" with an average price of $346 / sq.feet.