The prices in real estate in Highland, in the Illinois region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Highland has increased strongly during the last 6 months. In July, the average price per sq.feet was $90. In the following month the price per sq.feet increased considerably to $181. The price for the following two months in (September, October) had a considerable increment of 118 %. The price per sq.feet has had a considerable deflation of 79 % 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 $148 to $117 during November, and December.
Based upon to the price in Highland (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $155,862. During August the price went through a considerable rise reaching $539,110. During the following two months (September, October) the average price had a considerable increase of 134 % 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 $406,315.5 to $243,609.5, which means a 60 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 28 % cheaper than the average price of $174,890 in Highland. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 28 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 29 % cheaper than the average price of ($86 / sq.feet) in Highland. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 29 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $244,313 it is 43 % cheaper than the average price in Highland. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $160,689 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $68 / sq.feet followed by "Townhouse" priced at $75 / sq.feet. "House" is the cheapest type of property with a $86 / sq.feet value followed by "Townhouse" with an average price of $75 / sq.feet.