The prices in real estate in Burlington, in the Iowa region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Burlington has fallen in the last 6 months. In February, the average price per sq.feet was $424. In the following month the price per sq.feet decreased considerably to $300. The price for the following two months in (April, May) had a considerable increment of 140 %. 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 $433.5 to $293.5 during June, and July.
Based upon to the price in Burlington (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $109,112. In March This price remains at $104,240. During the following two months (April, May) the price has had an average incrementation from $106,676 to $114,237. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $137,174 they are 40 % more affordable than the average price for Burlington. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $160,689.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $200 / sq.feet price in Burlington. The properties with the highest average prices have 4 bedrooms. They are 413 % more expensive than the average followed by properties with 3 bedrooms with a price at $290 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $137,174 it is 53 % cheaper than the average price in Burlington. "Office" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $109,263 it is 70 % 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 $20 / sq.feet followed by "Townhouse" priced at $50 / sq.feet. "Land" is the most costly type of property with a $714 / sq.feet cost followed by "Office" with an average price of $72 / sq.feet.