The prices in real estate in Cedar Rapids, 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 Rapids has increased strongly during the last 6 months. In April, the average price per sq.feet was $106. In the following month the price per sq.feet increased considerably to $1,319. The price for the following two months in (June, July) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 26 % 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 $440 to $114 during August, and September.
Based upon to the price in Cedar Rapids (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $205,389. During May the price went through a considerable rise reaching $251,388. During the following two months (June, July) the price has had an average incrementation from $228,388.5 to $246,554. During the last two months the average price has had a strong fall compared to the previous four going from $237,471.25 to $184,169, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $173,762 they are 40 % more affordable than the average price for Cedar Rapids. The properties with the highest average price have 4 bedrooms, Their price is 63 % more costly than the average. After that we have properties with 3 bedrooms priced at $228,357.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $106 / sq.feet, with an average $112 / sq.feet price in Cedar Rapids. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 3 bedrooms with a price at $118 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $173,762 it is 0 % more expensive than the average price in Cedar Rapids. "Condo" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $183,306 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $89 / sq.feet followed by "House" priced at $114 / sq.feet. "Condo" is the most costly type of property with a $128 / sq.feet cost followed by "House" with an average price of $114 / sq.feet.