The prices in real estate in Fairfax, in the Iowa 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 Fairfax has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $176. In the following month the price per sq.feet decreased to $166. The price for the following two months in (August, September) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 168 % 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 $85.5 to $143.5 during October, and November.
Based upon to the price in Fairfax (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during June, is $394,378. During July the price went through a considerable rise reaching $457,450. During the following two months (August, September) the average price had a considerable reduction of 0 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 158 % 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 $359,856 they are 59 % more affordable than the average price for Fairfax. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $437,702.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $107 / sq.feet, with an average $151 / sq.feet price in Fairfax. The properties with the highest average prices have 2 bedrooms. They are 47 % more expensive than the average followed by properties with 3 bedrooms with a price at $171 / sq.feet.
With regard to the average price based upon the property in Fairfax we can see that most expensive property type is "House" at a price of $488,087, they are 36 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 36 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $166 / sq.feet. "House" at an average price of $166 / sq.feet has the most expensive price and would be directed at more affluent cities.