The prices in real estate in Connersville, in the Indiana 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 Connersville has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $81. In the following month the price per sq.feet decreased considerably to $54. The price for the following two months in (June, July) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $62.5 to $49.5 during August, and September.
Based upon to the price in Connersville (cities), this has fallen considerably in the last 6 months. The average price for April is $175,114. During May the price had a considerable reduction till $108,975. During the following two months (June, July) the average price fell 93 % 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 $137,328.25 to $78,294.5, which means a 57 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $107,138 they are 46 % more affordable than the average price for Connersville. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 1 bedroom priced at $106,698.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $38 / sq.feet, with an average $63 / sq.feet price in Connersville. The properties with the lowest average prices have 1 bedroom. They are 2 % cheaper than the average followed by properties with 2 bedrooms with a price at $57 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $107,138 it is 38 % cheaper than the average price in Connersville. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $66,516 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $37 / sq.feet followed by "Apartment" priced at $46 / sq.feet. "Apartment" is the cheapest type of property with a $46 / sq.feet value followed by "House" with an average price of $37 / sq.feet.