The prices in real estate in Des Moines, 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 Des Moines has increased strongly during the last 6 months. In January, the average price per sq.feet was $134. In the following month the price per sq.feet increased to $149. In the following two months the price per sq.feet has barely changed, going from $141.5 to $140.5 per sq.feet. The price per sq.feet has had a considerable increase of 232 % 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 $141 to $327 during May, and June.
Based upon to the price in Des Moines (cities), these have remained the same in the last 6 months. The price in January is $173,550, rising in February till $182,352. In the following two months the average price has remained the same with regard to the previous two months from $177,951 to $170,623.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $233,795 they are 41 % more affordable than the average price for Des Moines. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $224,363.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $239 / sq.feet, with an average $430 / sq.feet price in Des Moines. The properties with the highest average prices have 1 bedroom. They are 137 % more expensive than the average followed by properties with 4 bedrooms with a price at $689 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $233,795 it is 34 % cheaper than the average price in Des Moines. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $153,411 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $122 / sq.feet followed by "House" priced at $264 / sq.feet. "House" is the cheapest type of property with a $264 / sq.feet value followed by "Land" with an average price of $122 / sq.feet.