The prices in real estate in Columbia City, in the Indiana 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 Columbia City has increased strongly during the last 6 months. In January, the average price per sq.feet was $111. In the following month the price per sq.feet increased to $117. In the following two months the price per sq.feet has increased 108 %, going from $114 to $123.5 per sq.feet. The price per sq.feet has had a considerable increase of 416 % 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 $118.75 to $493.5 during May, and June.
Based upon to the price in Columbia City (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $190,798. In February This price remains at $192,832. During the following two months (March, April) the average price had a considerable increase of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 596 % 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 $1,975,282 they are 97 % more affordable than the average price for Columbia City. The properties with the lowest average price have 4 bedrooms, Their price is 87 % cheaper than the average. After that we have properties with 3 bedrooms priced at $164,906.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $90 / sq.feet, with an average $840 / sq.feet price in Columbia City. The properties with the lowest average prices have 2 bedrooms. They are 86 % cheaper than the average followed by properties with 3 bedrooms with a price at $104 / sq.feet.
With regard to the average price based upon the property in Columbia City we can see that the cheapest property type is "House" at a price of $201,941, they are 90 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 90 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $99 / sq.feet. "House" with an average cost of $99 / sq.feet has the lowest price and would be directed at less affluent cities.