The prices in real estate in Fairfield, 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 Fairfield has fallen in the last 6 months. In October, the average price per sq.feet was $79. In the following month the price per sq.feet increased considerably to $91. The price for the following two months in (December, January) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable increase of 142 % 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 $64.25 to $91.5 during February, and March.
Based upon to the price in Fairfield (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $148,560. During November the price went through a considerable rise reaching $188,250. During the following two months (December, January) the average price had a considerable reduction of 74 % 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 129 % 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 $211,981 they are 66 % more affordable than the average price for Fairfield. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $244,441.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $72 / sq.feet, with an average $94 / sq.feet price in Fairfield. The properties with the highest average prices have 3 bedrooms. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $92 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $211,981 it is 12 % cheaper than the average price in Fairfield. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $187,414 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $92 / sq.feet followed by "House" priced at $100 / sq.feet. "House" is the most costly type of property with a $100 / sq.feet cost followed by "Commercial" with an average price of $92 / sq.feet.