The prices in real estate in Altoona, in the Iowa region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Altoona has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $288. In the following month the price per sq.feet decreased considerably to $180. The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has decreased 93 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $209 to $195 during February, and March.
Based upon to the price in Altoona (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $270,067. In November This price remains at $269,507. During the following two months (December, January) the price has had an average incrementation from $269,787 to $292,831. 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 $281,309 and $285,247 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $284,743 they are 12 % more affordable than the average price for Altoona. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 1 bedroom priced at $251,777.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $139 / sq.feet, with an average $196 / sq.feet price in Altoona. The properties with the highest average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 1 bedroom with a price at $139 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $284,743 it is 14 % cheaper than the average price in Altoona. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $253,367 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $115 / sq.feet followed by "Townhouse" priced at $143 / sq.feet. "Apartment" is the most costly type of property with a $200 / sq.feet cost followed by "Townhouse" with an average price of $143 / sq.feet.