The prices in real estate in Hiawatha, 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 Hiawatha has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $164. In the following month the price per sq.feet decreased considerably to $109. The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $130 to $131.5 during February y March
Based upon to the price in Hiawatha (cities), this has fallen considerably in the last 6 months. The average price for October is $524,075. During November the price had a considerable reduction till $209,360. During the following two months (December, January) the average price had a considerable reduction of 65 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $334,022 they are 73 % more affordable than the average price for Hiawatha. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $270,682.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $69 / sq.feet, with an average $129 / sq.feet price in Hiawatha. The properties with the lowest average prices have 3 bedrooms. They are 9 % cheaper than the average followed by properties with 2 bedrooms with a price at $99 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $334,022 it is 41 % cheaper than the average price in Hiawatha. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $196,588 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $99 / sq.feet followed by "Condo" priced at $108 / sq.feet. "Condo" is the cheapest type of property with a $108 / sq.feet value followed by "House" with an average price of $99 / sq.feet.