The prices in real estate in Grandview, in the Missouri 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 Grandview has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $206. In the following month the price per sq.feet decreased considerably to $96. The price for the following two months in (August, September) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 69 % 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 $124.25 to $85.5 during October, and November.
Based upon to the price in Grandview (cities), this has fallen considerably in the last 6 months. The average price for June is $514,464. During July the price had a considerable reduction till $156,337. During the following two months (August, September) the average price had a considerable reduction of 50 % 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 $251,430.75 to $150,361, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $135,974 they are 36 % more affordable than the average price for Grandview. The properties with the highest average price have 4 bedrooms, Their price is 174 % more costly than the average. After that we have properties with 1 bedroom priced at $87,440.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $132 / sq.feet, with an average $74 / sq.feet price in Grandview. The properties with the highest average prices have 1 bedroom. They are 541 % more expensive than the average followed by properties with 3 bedrooms with a price at $473 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $135,974 it is 37 % cheaper than the average price in Grandview. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $114,745 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $100 / sq.feet followed by "Office" priced at $452 / sq.feet. "Condo" is the most costly type of property with a $489 / sq.feet cost followed by "Duplex" with an average price of $455 / sq.feet.