The prices in real estate in Fairfax, in the Iowa region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Fairfax has fallen in the last 6 months. In February, the average price per sq.feet was $217. In March this price pretty much remained the same at a value of $226 per sq.feet. The price for the following two months in (April, May) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $207.5 to $165 during June, and July.
Based upon to the price in Fairfax (cities), these have remained the same in the last 6 months. The average price for February is $417,630. During March the price had a slight fall till $376,785. During the following two months (April, May) the price has had an average incrementation from $397,207.5 to $437,205. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $417,206.25 and $409,820.5 between June and July.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 43 % cheaper than the average price of $223,447 in Fairfax. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 43 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 47 % cheaper than the average price of ($91 / 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 47 % 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 $393,771 it is 43 % 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 $223,447 it is 39 % 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 $79 / sq.feet followed by "Condo" priced at $91 / sq.feet. "Condo" is the cheapest type of property with a $91 / sq.feet value followed by "House" with an average price of $79 / sq.feet.