The prices in real estate in Columbus, in the Mississippi 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 Columbus has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $905. In the following month the price per sq.feet increased considerably to $2,091. The price for the following two months in (August, September) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 12 % 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 $772.25 to $95 during October, and November.
Based upon to the price in Columbus (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during June, is $1,382,603. During July the price went through a considerable rise reaching $2,838,574. During the following two months (August, September) the average price had a considerable reduction of 5 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,108,386 to $214,994, which means a 19 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 18 % cheaper than the average price of $173,261 in Columbus. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 18 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1318 % more costly than the average price of ($1,305 / sq.feet) in Columbus. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1318 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $210,175 it is 78 % cheaper than the average price in Columbus. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $46,938 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $60 / sq.feet followed by "House" priced at $1,305 / sq.feet. "House" is the most costly type of property with a $1,305 / sq.feet cost followed by "Townhouse" with an average price of $60 / sq.feet.