The prices in real estate in Cedar Falls, 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 Cedar Falls has increased strongly during the last 6 months. In January, the average price per sq.feet was $2,239. In the following month the price per sq.feet increased considerably to $3,276. In the following two months the price per sq.feet has barely changed, going from $2,757.5 to $2,867.5 per sq.feet. The price per sq.feet has decreased 89 % 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 $2,812.5 to $2,514 during May, and June.
Based upon to the price in Cedar Falls (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $241,011. In February This price remains at $237,704. During the following two months (March, April) the price has had an average incrementation from $239,357.5 to $264,952. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $252,154.75 to $231,823.5 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $218,932 they are 15 % more affordable than the average price for Cedar Falls. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $254,747.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $2,621 / sq.feet price in Cedar Falls. The properties with the lowest average prices have 2 bedrooms. They are 87 % cheaper than the average followed by properties with 3 bedrooms with a price at $248 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $218,932 it is 16 % more expensive than the average price in Cedar Falls. "Apartment" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Apartment". At a price of $255,631 it is 56 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $185 / sq.feet followed by "Apartment" priced at $203 / sq.feet. "Condo" is the cheapest type of property with a $1,132 / sq.feet value followed by "Apartment" with an average price of $203 / sq.feet.