The prices in real estate in Fort Dodge, 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 Fort Dodge has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $1,356. In the following month the price per sq.feet decreased considerably to $1,084. The price for the following two months in (July, August) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 22 % 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 $1,072.75 to $238.5 during September, and October.
Based upon to the price in Fort Dodge (cities), this has gone downing the last 6 months. In our first sample month during May, the average price is $158,069. In June This price remains at $151,992. In the following two months the average price has remained the same with regard to the previous two months from $155,030.5 to $150,078. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $152,554.25 to $134,407.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $116,292 they are 77 % more affordable than the average price for Fort Dodge. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $112,228.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $41 / sq.feet, with an average $57 / sq.feet price in Fort Dodge. The properties with the highest average prices have 3 bedrooms. They are 42 % more expensive than the average followed by properties with 2 bedrooms with a price at $68 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $116,292 it is 2 % more expensive than the average price in Fort Dodge. "Detached House" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $154,720 it is 37 % 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 $60 / sq.feet followed by "House" priced at $62 / sq.feet. "Detached House" is the most costly type of property with a $86 / sq.feet cost followed by "Condo" with an average price of $69 / sq.feet.