The prices in real estate in East Saint Louis, 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 East Saint Louis has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $37. In the following month the price per sq.feet increased to $41. The price for the following two months in (October, November) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $33.5 to $29.5 during December, and January.
Based upon to the price in East Saint Louis (cities), this has gone downing the last 6 months. The average price during our first sample month during August, is $47,671. During September the price went through a considerable rise reaching $62,743. During the following two months (October, November) the average price had a considerable reduction of 64 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $45,186.75 to $34,906.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $37,300 they are 50 % more expensive than the average price for East Saint Louis. Following this ranking we find those properties with 1 at an average price of $56,079. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 1 bedroom priced at $56,079.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $504 / sq.feet, with an average $34 / sq.feet price in East Saint Louis. The properties with the highest average prices have 4 bedrooms. They are 1562 % more expensive than the average followed by properties with 1 bedroom with a price at $505 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $37,300 it is 9 % cheaper than the average price in East Saint Louis. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $57,886 it is 64 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $63 / sq.feet followed by "House" priced at $474 / sq.feet. "Land" is the most costly type of property with a $565 / sq.feet cost followed by "House" with an average price of $474 / sq.feet.