The prices in real estate in Burlington, in the Iowa 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 Burlington has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $536. In the following month the price per sq.feet decreased to $474. The price for the following two months in (June, July) had a considerable decrease of 58 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $399.25 to $270.5 during August, and September.
Based upon to the price in Burlington (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $112,955. In May This price remains at $115,519. During the following two months (June, July) the price has had an average incrementation from $114,237 to $123,489.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $127,430 they are 32 % more affordable than the average price for Burlington. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $110,929.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $63 / sq.feet, with an average $431 / sq.feet price in Burlington. The properties with the highest average prices have 4 bedrooms. They are 274 % more expensive than the average followed by properties with 3 bedrooms with a price at $386 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $127,430 it is 7 % more expensive than the average price in Burlington. "Land" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $225,441 it is 115 % 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 $54 / sq.feet followed by "House" priced at $69 / sq.feet. "Land" is the most costly type of property with a $585 / sq.feet cost followed by "Condo" with an average price of $530 / sq.feet.