The prices in real estate in Cottage Hills, in the Illinois 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 Cottage Hills has increased strongly during the last 6 months. In October, the average price per sq.feet was $87. In the following month the price per sq.feet increased to $99. The price for the following two months in (December, January) had a considerable increment of 6065 %. The price per sq.feet has had a considerable deflation of 2 % 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 $2,866.5 to $50.5 during February, and March.
Based upon to the price in Cottage Hills (cities), this has fallen considerably in the last 6 months. The average price for October is $138,876. During November the price had a considerable reduction till $109,388. During the following two months (December, January) the average price fell 92 % 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 $119,357.5 to $57,166.5, which means a 48 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $114,333 they are 76 % more affordable than the average price for Cottage Hills. The properties with the lowest average price have 3 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 2 bedrooms priced at $54,101.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $4 / sq.feet, with an average $101 / sq.feet price in Cottage Hills. The properties with the lowest average prices have 3 bedrooms. They are 55 % cheaper than the average followed by properties with 2 bedrooms with a price at $30 / sq.feet.
With regard to the average price based upon the property in Cottage Hills we can see that the cheapest property type is "House" at a price of $45,378, they are 60 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 60 % 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 $16 / sq.feet. "House" with an average cost of $16 / sq.feet has the lowest price and would be directed at less affluent cities.