The average price in the Colorado region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Colorado has increased strongly in the last 6 months. During February, the average price per sq.feet was $243. The following month the price decreased to $212 per sq.feet. In the following two months (April, May) the price per sq.feet has risen strongly to a 136 %. In the last two months, the price per sq.feet has had a significant increase of 187 %. This has been obtained by comparing the price of $269 for the first four months of the sample with regard to the previous 4 months and the price of $502.5 per sq.feet for the last two months (June, July).
Based upon to the price in Colorado(region), this has increased considerably in the last 6 months. In the first month sample February the average price is $417,184. In March the price was the same at $418,130. The price in the following months (April, May) had a strong increment of 136 % going from $417,657 to $569,998. During the last two months the price has had a considerable increase of 143 % with respect to the previous four months going from $493,827.5 a $704,862.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 46 % more affordable than the average price in Colorado followed by those with 2 with an average price of $302,123. The most costly properties have 4 bedrooms. They are 19 % more expensive than the average followed by those properties with 3 bedrooms priced at $451,196.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $164 / sq.feet being $427 / sq.feet the average value within the Colorado region. The properties with the most expensive average price are those with 4 bedrooms. These are 250 % more costly than the average followed by those with 1 bedroom with a price of $324 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $530,391 it is 72 % more affordable than the average in Colorado. This is followed by "Commercial" with a price of $500,017. The dearest property type is "House" and is 63 % more expensive than the average, followed by "Condo" with a cost of $665,608.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $225 / sq.feet, followed by "Townhouse" with a price of $230 / sq.feet. "Land" with an average price of $667 / sq.feet is the most costly type of property followed by "Condo" at a price of $541 / sq.feet.