The prices in real estate in Fairfield, 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 Fairfield has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $106. In the following month the price per sq.feet decreased considerably to . In the following two months the price per sq.feet has increased 114 %, going from $53 to $60.5 per sq.feet. The price per sq.feet has had a considerable increase of 136 % 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 $56.75 to $77 during July, and August.
Based upon to the price in Fairfield (cities), this has gone up in the last 6 months. The average price for March is $142,145. During April the price had a considerable reduction till . During the following two months (May, June) the average price had a considerable increase of 352 % 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 $160,527.5 to $133,993.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $140,364 they are 23 % more affordable than the average price for Fairfield. The properties with the highest average price have 4 bedrooms, Their price is 135 % more costly than the average. After that we have properties with 3 bedrooms priced at $255,327.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $91 / sq.feet, with an average $81 / sq.feet price in Fairfield. The properties with the highest average prices have 3 bedrooms. They are 56 % more expensive than the average followed by properties with 1 bedroom with a price at $101 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $140,364 it is 26 % more expensive than the average price in Fairfield. "Commercial" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of $177,553 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $98 / sq.feet followed by "House" priced at $106 / sq.feet. "House" is the most costly type of property with a $106 / sq.feet cost followed by "Commercial" with an average price of $98 / sq.feet.