The prices in real estate in Burlington, in the Iowa 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 Burlington has increased strongly during the last 6 months. In December, the average price per sq.feet was $80. In the following month the price per sq.feet increased considerably to $648. In the following two months the price per sq.feet has barely changed, going from $364 to $362 per sq.feet. The price per sq.feet has had a considerable increase of 139 % 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 $363 to $505 during April, and May.
Based upon to the price in Burlington (cities), this has gone downing the last 6 months. The average price for December is $127,536. During January the price had a slight fall till $116,762. During the following two months (February, March) the average price fell 87 % with regard to the previous two months. 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 $114,412.5 and $114,237 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $115,519 they are 56 % more affordable than the average price for Burlington. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at $104,661.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $9 / sq.feet, with an average $474 / sq.feet price in Burlington. The properties with the highest average prices have 4 bedrooms. They are 220 % more expensive than the average followed by properties with 3 bedrooms with a price at $423 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $115,519 it is 41 % cheaper than the average price in Burlington. "Office" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Commercial". At a price of $150,900 it is 304 % 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 $10 / sq.feet followed by "Office" priced at $74 / sq.feet. "Commercial" is the most costly type of property with a $1,009 / sq.feet cost followed by "Condo" with an average price of $185 / sq.feet.