The prices in real estate in Bloomfield, 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 Bloomfield has increased strongly during the last 6 months. In February, the average price per sq.feet was $88. In the following month the price per sq.feet increased to $96. The price for the following two months in (April, May) had a considerable increment of 115 %. The price per sq.feet has increased 110 % 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 $99 to $109 during June, and July.
Based upon to the price in Bloomfield (cities), this has gone up considerably in the last 6 months. The price in February is $165,910, rising in March till $181,319. During the following two months (April, May) the average price had a considerable increase of 120 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $221,156 they are 54 % more affordable than the average price for Bloomfield. The properties with the highest average price have 3 bedrooms, Their price is 101 % more costly than the average. After that we have properties with 4 bedrooms priced at $235,652.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $71 / sq.feet, with an average $111 / sq.feet price in Bloomfield. The properties with the highest average prices have 3 bedrooms. They are 141 % more expensive than the average followed by properties with 2 bedrooms with a price at $101 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $221,156 it is 28 % cheaper than the average price in Bloomfield. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $158,912 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $51 / sq.feet followed by "House" priced at $83 / sq.feet. "House" is the cheapest type of property with a $83 / sq.feet value followed by "Commercial" with an average price of $51 / sq.feet.