The prices in real estate in Crown Point, 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 Crown Point has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,719. In the following month the price per sq.feet increased considerably to $2,405. The price for the following two months in (September, October) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 11 % 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 $1,331.25 to $147.5 during November, and December.
Based upon to the price in Crown Point (cities), this has gone up considerably in the last 6 months. The price in July is $262,424, rising in August till $289,806. During the following two months (September, October) the average price had a considerable increase of 119 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $331,666 they are 48 % more affordable than the average price for Crown Point. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $331,251.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $134 / sq.feet, with an average $151 / sq.feet price in Crown Point. The properties with the highest average prices have 2 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $331,666 it is 34 % cheaper than the average price in Crown Point. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $316,213 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $143 / sq.feet followed by "Condo" priced at $163 / sq.feet. "Townhouse" is the most costly type of property with a $5,772 / sq.feet cost followed by "Commercial" with an average price of $1,157 / sq.feet.