The prices in real estate in Great Bend, in the Kansas 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 Great Bend has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $555. In the following month the price per sq.feet decreased considerably to $372. In the following two months the price per sq.feet has increased 106 %, going from $463.5 to $490.5 per sq.feet. The price per sq.feet has had a considerable deflation of 63 % 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 $477 to $298.5 during July, and August.
Based upon to the price in Great Bend (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $133,735. In April This price remains at $138,060. During the following two months (May, June) the price has had an average incrementation from $135,897.5 to $143,573.5. During the last two months the average price has had a strong fall compared to the previous four going from $139,735.5 to $115,086.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $132,556 they are 29 % more affordable than the average price for Great Bend. The properties with the highest average price have 1 bedroom, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $94,021.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $46 / sq.feet, with an average $583 / sq.feet price in Great Bend. The properties with the lowest average prices have 1 bedroom. They are 87 % cheaper than the average followed by properties with 3 bedrooms with a price at $46 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $132,556 it is 32 % cheaper than the average price in Great Bend. "Duplex" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Apartment". At a price of $89,746 it is 1 % 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 $45 / sq.feet followed by "Duplex" priced at $73 / sq.feet. "Duplex" is the cheapest type of property with a $73 / sq.feet value followed by "Apartment" with an average price of $45 / sq.feet.