The prices in real estate in Bedford, in the Indiana region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Bedford has increased strongly during the last 6 months. In December, the average price per sq.feet was $82. In the following month the price per sq.feet decreased to $73. The price for the following two months in (February, March) had a considerable increment of 1089 %. The price per sq.feet has had a considerable increase of 193 % 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 $460.75 to $891 during April, and May.
Based upon to the price in Bedford (cities), these have remained the same in the last 6 months. The average price for December is $154,200. During January the price had a considerable reduction till $121,774. During the following two months (February, March) the price has had an average incrementation from $137,987 to $154,052.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $170,263 they are 61 % more affordable than the average price for Bedford. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $146,346.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $799 / sq.feet price in Bedford. The properties with the highest average prices have 4 bedrooms. They are 225 % more expensive than the average followed by properties with 3 bedrooms with a price at $859 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $170,263 it is 49 % cheaper than the average price in Bedford. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $165,595 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $162 / sq.feet followed by "House" priced at $961 / sq.feet. "Commercial" is the most costly type of property with a $1,796 / sq.feet cost followed by "House" with an average price of $961 / sq.feet.