Property prices for sale in Elkhart (Indiana)
The prices in real estate in Elkhart, 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 Elkhart has increased strongly during the last 6 months. In November, the average price per sq.feet was $242. In the following month the price per sq.feet decreased considerably to $205. In the following two months the price per sq.feet has increased 110 %, going from $223.5 to $245 per sq.feet. The price per sq.feet has had a considerable increase of 149 % 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 $234.25 to $349 during March, and April.
Based upon to the price in Elkhart (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $232,200. In December This price remains at $234,378. During the following two months (January, February) the price has had an average incrementation from $233,289 to $245,383. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $264,751 they are 41 % more affordable than the average price for Elkhart. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 2 bedrooms priced at $246,863.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $128 / sq.feet, with an average $140 / sq.feet price in Elkhart. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $157 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $264,751 it is 90 % cheaper than the average price in Elkhart. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $562,279 it is 197 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $9 / sq.feet followed by "House" priced at $135 / sq.feet. "Land" is the most costly type of property with a $18,438 / sq.feet cost followed by "Commercial" with an average price of $5,170 / sq.feet.
