The average price in the Connecticut 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 Connecticut has increased strongly in the last 6 months. During March, the average price per sq.feet was $206. The following month (April) the price increased to $230 per sq.feet. The following two months (May, June) went through an increase of 114 % in the price per sq.feet rising from $218 to $248.5 per sq.feet. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of $233.25 to $235 during July and August.
Based upon to the price in Connecticut(region), this has increased considerably in the last 6 months. The average price in March is $429,854. In April the price increased to $481,604. The price in the following months (May, June) had a strong increment of 120 % going from $455,729 to $548,973. During the last two months the average price has remained stagnant and has gone from $502,351 to $485,802.5 during July and August.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 57 % more affordable than the average price in Connecticut followed by those with 2 with an average price of $306,033. The most costly properties have 4 bedrooms. They are 20 % more expensive than the average followed by those properties with 3 bedrooms priced at $377,643.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $207 / sq.feet being $236 / sq.feet the average value within the Connecticut region. The properties with the most expensive average price are those with 2 bedrooms. These are 5 % more costly than the average followed by those with 1 bedroom with a price of $230 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $458,713 it is 54 % more affordable than the average in Connecticut. This is followed by "Duplex" with a price of $319,002. The dearest property type is "Land" and is 185 % more expensive than the average, followed by "House" with a cost of $455,486.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $200 / sq.feet, followed by "Duplex" with a price of $212 / sq.feet. "Land" with an average price of $45,535 / sq.feet is the most costly type of property followed by "Condo" at a price of $254 / sq.feet.