The prices in real estate in Crete, in the Illinois 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 Crete has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $368. In the following month the price per sq.feet decreased considerably to $94. The price for the following two months in (July, August) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 60 % 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 $160.5 to $95.5 during September, and October.
Based upon to the price in Crete (cities), this has fallen considerably in the last 6 months. The average price for May is $339,740. During June the price had a considerable reduction till $250,888. During the following two months (July, August) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $259,717 to $232,780 in September and October.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 25 % cheaper than the average price of $173,881 in Crete. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 25 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 27 % cheaper than the average price of ($69 / sq.feet) in Crete. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 27 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $232,866 it is 31 % cheaper than the average price in Crete. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $173,881 it is 19 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $43 / sq.feet followed by "Townhouse" priced at $67 / sq.feet. "House" is the cheapest type of property with a $69 / sq.feet value followed by "Townhouse" with an average price of $67 / sq.feet.