The prices in real estate in Coralville, 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 Coralville has increased strongly during the last 6 months. In October, the average price per sq.feet was $339. In the following month the price per sq.feet increased considerably to $710. The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable increase of 415 % 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 $468.25 to $1,944.5 during February, and March.
Based upon to the price in Coralville (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $343,546. In November This price remains at $353,532. In the following two months the average price has remained the same with regard to the previous two months from $348,539 to $357,952.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $478,588 they are 59 % more affordable than the average price for Coralville. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $311,440.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $143 / sq.feet, with an average $2,827 / sq.feet price in Coralville. The properties with the lowest average prices have 1 bedroom. They are 89 % cheaper than the average followed by properties with 2 bedrooms with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $478,588 it is 51 % cheaper than the average price in Coralville. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $1,342,114 it is 190 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $133 / sq.feet followed by "Detached House" priced at $172 / sq.feet. "Land" is the most costly type of property with a $52,449 / sq.feet cost followed by "Apartment" with an average price of $543 / sq.feet.