The prices in real estate in Crown Point, in the Indiana 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 Crown Point has increased strongly during the last 6 months. In June, the average price per sq.feet was $138. In the following month the price per sq.feet increased considerably to $416. The price for the following two months in (August, September) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $203 to $138.5 during October, and November.
Based upon to the price in Crown Point (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is $296,337. In July This price remains at $283,952. During the following two months (August, September) the price has had an average incrementation from $290,144.5 to $313,481. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $301,812.75 and $311,684.5 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $324,541 they are 3 % more affordable than the average price for Crown Point. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 1 bedroom priced at $315,524.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $119 / sq.feet, with an average $141 / sq.feet price in Crown Point. The properties with the lowest average prices have 1 bedroom. They are 9 % cheaper than the average followed by properties with 4 bedrooms with a price at $119 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $324,541 it is 42 % cheaper than the average price in Crown Point. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $265,346 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $124 / sq.feet followed by "House" priced at $125 / sq.feet. "Condo" is the most costly type of property with a $858 / sq.feet cost followed by "House" with an average price of $125 / sq.feet.