The prices in real estate in Bolivar, in the Missouri 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 Bolivar has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $3,234. In the following month the price per sq.feet increased considerably to $4,587. The price for the following two months in (January, February) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 7 % 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 $2,016 to $146.5 during March, and April.
Based upon to the price in Bolivar (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $458,975. During December the price went through a considerable rise reaching $535,180. During the following two months (January, February) the average price had a considerable reduction of 56 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $388,063 to $261,259, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $260,128 they are 11 % more affordable than the average price for Bolivar. The properties with the highest average price have 1 bedroom, Their price is 7 % more costly than the average. After that we have properties with 2 bedrooms priced at $231,570.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $94 / sq.feet, with an average $147 / sq.feet price in Bolivar. The properties with the lowest average prices have 2 bedrooms. They are 31 % cheaper than the average followed by properties with 3 bedrooms with a price at $97 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $260,128 it is 11 % cheaper than the average price in Bolivar. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $230,412 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $97 / sq.feet followed by "Apartment" priced at $491 / sq.feet. "Apartment" is the most costly type of property with a $491 / sq.feet cost followed by "House" with an average price of $97 / sq.feet.