The prices in real estate in Beloit, in the Wisconsin 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 Beloit has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $401. In August this price pretty much remained the same at a value of $417 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 66 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 11 % 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 $339.75 to $36 during November, and December.
Based upon to the price in Beloit (cities), this has gone downing the last 6 months. The average price for July is $135,836. During August the price had a considerable reduction till $107,976. In the following two months the average price has remained the same with regard to the previous two months from $121,906 to $125,482. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $137,164 they are 2 % more affordable than the average price for Beloit. The properties with the highest average price have 4 bedrooms, Their price is 63 % more costly than the average. After that we have properties with 3 bedrooms priced at $148,203.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $81 / sq.feet, with an average $36 / sq.feet price in Beloit. The properties with the highest average prices have 4 bedrooms. They are 2633 % more expensive than the average followed by properties with 3 bedrooms with a price at $92 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $137,164 it is 66 % cheaper than the average price in Beloit. "Land" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $136,153 it is 179 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $32 / sq.feet followed by "Farm" priced at $63 / sq.feet. "Land" is the most costly type of property with a $977 / sq.feet cost followed by "Duplex" with an average price of $486 / sq.feet.