The prices in real estate in Belvidere, in the Illinois 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 Belvidere has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $10,041. In the following month the price per sq.feet decreased considerably to $107. The price for the following two months in (July, August) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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 $2,591 to $95 during September, and October.
Based upon to the price in Belvidere (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $166,867. During June the price went through a considerable rise reaching $227,227. During the following two months (July, August) the price has had an average incrementation from $197,047 to $207,765. 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 $202,406 and $193,059.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $192,999 they are 30 % more affordable than the average price for Belvidere. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $174,739.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $90 / sq.feet, with an average $97 / sq.feet price in Belvidere. The properties with the highest average prices have 3 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $192,999 it is 24 % cheaper than the average price in Belvidere. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $194,980 it is 10 % 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 $50 / sq.feet followed by "Duplex" priced at $53 / sq.feet. "House" is the most costly type of property with a $99 / sq.feet cost followed by "Condo" with an average price of $68 / sq.feet.