The prices in real estate in Grinnell, 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 Grinnell has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $150. In the following month the price per sq.feet decreased to $128. The price for the following two months in (April, May) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $120.25 to $109 during June, and July.
Based upon to the price in Grinnell (cities), this has fallen considerably in the last 6 months. The average price for February is $240,532. During March the price had a considerable reduction till $202,476. During the following two months (April, May) the average price had a considerable reduction of 78 % 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 $196,923.75 to $161,023, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $149,870 they are 22 % more expensive than the average price for Grinnell. Following this ranking we find those properties with 2 at an average price of $184,164. The properties with the highest average price have 1 bedroom, Their price is 23 % more costly than the average. After that we have properties with 2 bedrooms priced at $184,164.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $211 / sq.feet, with an average $111 / sq.feet price in Grinnell. The properties with the highest average prices have 3 bedrooms. They are 277 % more expensive than the average followed by properties with 1 bedroom with a price at $213 / sq.feet.
With regard to the average price based upon the property in Grinnell we can see that most expensive property type is "House" at a price of $182,946, they are 22 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 22 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $418 / sq.feet. "House" at an average price of $418 / sq.feet has the most expensive price and would be directed at more affluent cities.