The prices in real estate in Gas City, 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 Gas City has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $279. In January this price pretty much remained the same at a value of $280 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 48 % 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 $180 to $86.5 during April, and May.
Based upon to the price in Gas City (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $459,603. In January This price remains at $462,352. During the following two months (February, March) the average price had a considerable reduction of 28 % 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 $295,176.75 to $131,647, which means a 45 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 31 % cheaper than the average price of $82,921 in Gas City. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 31 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 47 % cheaper than the average price of ($41 / sq.feet) in Gas City. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 47 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Gas City we can see that the cheapest property type is "Farm" at a price of $82,921, they are 31 % more affordable than the average price of (!PRECIO2!). "Farm" has the lowest price. This price is 31 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Farm with an average price of $41 / sq.feet. "Farm" with an average cost of $41 / sq.feet has the lowest price and would be directed at less affluent cities.