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 December, the average price per sq.feet was $171. In the following month the price per sq.feet decreased to $160. The price for the following two months in (February, March) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $150.75 to $136 during April, and May.
Based upon to the price in Fairfax (cities), these have remained the same in the last 6 months. The average price for December is $263,871. During January the price had a slight fall till $249,203. During the following two months (February, March) the price has had an average incrementation from $256,537 to $277,766. 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 showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 23 % cheaper than the average price of $225,699 in Fairfax. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 23 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 28 % cheaper than the average price of ($101 / sq.feet) in Fairfax. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 28 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $292,395 it is 23 % cheaper than the average price in Fairfax. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $225,699 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $89 / sq.feet followed by "Condo" priced at $101 / sq.feet. "Condo" is the cheapest type of property with a $101 / sq.feet value followed by "House" with an average price of $89 / sq.feet.