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 April, the average price per sq.feet was $293. The following month (May) the price had a considerable increase reaching $568 per sq.feet. The following two months (June, July) there has been a deflation of 88 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 50 %. This has been obtained by comparing the price of $404.5 for the first four months of the sample with regard to the previous 4 months and the price of $202 per sq.feet for the last two months (August, September).
Based upon to the price in Connecticut(region), these have remained the same in the last 6 months. In the first month sample for April the average price is $600,090. During May it went through a strong inflation reaching $783,714 The average price for the following two months (June, July) decreased 87 % compared to the prior two. During the last two months the price has had a considerable reduction of 73 % with respect to the previous four months going from $646,769.5 a $473,362.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 54 % more affordable than the average price in Connecticut followed by those with 2 with an average price of $244,698. The most costly properties have 4 bedrooms. They are 28 % more expensive than the average followed by those properties with 3 bedrooms priced at $352,513.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $160 / sq.feet being $180 / sq.feet the average value within the Connecticut region. The properties with the most expensive average price are those with 1 bedroom. These are 1 % more costly than the average followed by those with 3 bedrooms with a price of $176 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $396,055 it is 36 % more affordable than the average in Connecticut. This is followed by "Condo" with a price of $257,101. The dearest property type is "Land" and is 58 % more expensive than the average, followed by "House" with a cost of $464,563.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $164 / sq.feet, followed by "Condo" with a price of $175 / sq.feet. "Land" with an average price of $2,683 / sq.feet is the most costly type of property followed by "Apartment" at a price of $214 / sq.feet.