The prices in real estate in Fishers, in the Indiana 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 Fishers has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $4,197. In the following month the price per sq.feet increased considerably to $5,024. The price for the following two months in (September, October) had a considerable decrease of 13 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % 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 $2,594.75 to $122 during November, and December.
Based upon to the price in Fishers (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $421,653. In August This price remains at $418,681. In the following two months the average price has remained the same with regard to the previous two months from $420,167 to $421,692. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $420,929.5 to $383,970.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $365,964 they are 51 % more affordable than the average price for Fishers. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,448.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $112 / sq.feet, with an average $122 / sq.feet price in Fishers. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $146 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $365,964 it is 50 % cheaper than the average price in Fishers. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Office". At a price of $383,972 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $101 / sq.feet followed by "Townhouse" priced at $103 / sq.feet. "Apartment" is the most costly type of property with a $130 / sq.feet cost followed by "Condo" with an average price of $126 / sq.feet.