The average price in the Colorado region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in Colorado has increased in the last 6 months. During October, the average price per sq.feet was $237. In November the price pretty much stayed the same at $237 per sq.feet. The following two months (December, January) went through an increase of 106 % in the price per sq.feet rising from $237 to $251 per sq.feet. In the last two months, the price per sq.feet has increased 108 %. This has been obtained by comparing the price $244 for the first four months of the sample with regard to the previous 4 months and the price $264.5 per sq.feet for the last two months (February, March).
Based upon to the price in Colorado(region), this has increased considerably in the last 6 months. The average price in October is $481,241. In November the price increased to $507,420. The price in the following months (December, January) had a strong increment of 120 % going from $494,330.5 to $592,461. During the last two months the price has risen 111 % compared to the previous average values going from $543,395.75 a $601,007.5 in February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 48 % more affordable than the average price in Colorado followed by those with 2 with an average price of $413,161. The most costly properties have 4 bedrooms. They are 12 % more expensive than the average followed by those properties with 3 bedrooms priced at $494,329.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $222 / sq.feet being $274 / sq.feet the average value within the Colorado region. The properties with the most expensive average price are those with 1 bedroom. These are 49 % more costly than the average followed by those with 2 bedrooms with a price of $317 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $574,375 it is 40 % more affordable than the average in Colorado. This is followed by "Duplex" with a price of $501,020. The dearest property type is "Commercial" and is 107 % more expensive than the average, followed by "House" with a cost of $801,248.
Based on the average cost per sq.feet the cheapest property type is "Duplex with a an average cost of $227 / sq.feet, followed by "House" with a price of $285 / sq.feet. "Land" with an average price of $27,461 / sq.feet is the most costly type of property followed by "Commercial" at a price of $17,363 / sq.feet.