The prices in real estate in Bremen, in the Indiana 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 Bremen has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $187. In the following month the price per sq.feet decreased considerably to $152. The price for the following two months in (May, June) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $152.5 to $141.5 during July, and August.
Based upon to the price in Bremen (cities), this has fallen considerably in the last 6 months. The average price for March is $480,435. During April the price had a considerable reduction till $399,007. During the following two months (May, June) the average price had a considerable reduction of 78 % 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 $391,284.75 to $313,236.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $295,233 they are 52 % more affordable than the average price for Bremen. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $199,519.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $134 / sq.feet price in Bremen. The properties with the lowest average prices have 1 bedroom. They are 0 % cheaper than the average followed by properties with 2 bedrooms with a price at $105 / sq.feet.
With regard to the average price based upon the property in Bremen we can see that the cheapest property type is "House" at a price of $252,299, they are 15 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 15 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $96 / sq.feet. "House" with an average cost of $96 / sq.feet has the lowest price and would be directed at less affluent cities.