The prices in real estate in Des Plaines, 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 Des Plaines has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $301. In the following month the price per sq.feet decreased considerably to $181. The price for the following two months in (September, October) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $207.75 to $168 during November, and December.
Based upon to the price in Des Plaines (cities), these have remained the same in the last 6 months. The price in July is $270,267, rising in August till $286,501. In the following two months the average price has remained the same with regard to the previous two months from $278,384 to $282,657. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $280,520.5 to $265,215 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $278,429 they are 56 % more affordable than the average price for Des Plaines. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $287,085.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $146 / sq.feet, with an average $168 / sq.feet price in Des Plaines. The properties with the highest average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $278,429 it is 46 % cheaper than the average price in Des Plaines. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $275,901 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $140 / sq.feet followed by "Office" priced at $144 / sq.feet. "House" is the most costly type of property with a $178 / sq.feet cost followed by "Townhouse" with an average price of $164 / sq.feet.