The prices in real estate in Fort Wayne, in the Indiana region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Fort Wayne has increased strongly during the last 6 months. In April, the average price per sq.feet was $1,288. In the following month the price per sq.feet increased considerably to $4,063. The price for the following two months in (June, July) had a considerable increment of 131 %. The price per sq.feet has had a considerable deflation of 49 % 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 $3,086 to $1,524.5 during August, and September.
Based upon to the price in Fort Wayne (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $260,709. In May This price remains at $265,819. During the following two months (June, July) the price has had an average incrementation from $263,264 to $293,342.5. During the last two months the average price has had a strong fall compared to the previous four going from $278,303.25 to $212,513, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $224,422 they are 68 % more affordable than the average price for Fort Wayne. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $210,705.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $66 / sq.feet, with an average $832 / sq.feet price in Fort Wayne. The properties with the highest average prices have 4 bedrooms. They are 238 % more expensive than the average followed by properties with 3 bedrooms with a price at $837 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $224,422 it is 69 % cheaper than the average price in Fort Wayne. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $239,125 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $75 / sq.feet followed by "House" priced at $825 / sq.feet. "Land" is the most costly type of property with a $1,232 / sq.feet cost followed by "Condo" with an average price of $1,026 / sq.feet.