The prices in real estate in Highwood, 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 Highwood has increased strongly during the last 6 months. In November, the average price per sq.feet was $202. In the following month the price per sq.feet decreased to $178. The price for the following two months in (January, February) had a considerable increment of 26351 %. The price per sq.feet has had a considerable deflation of 1 % 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 $25,128.5 to $276.5 during March, and April.
Based upon to the price in Highwood (cities), this has gone up considerably in the last 6 months. The price in November is $399,997, rising in December till $448,125. During the following two months (January, February) the price has had an average incrementation from $424,061 to $452,125. Based on an analysis of the first four prices and the last two months the average price has risen strongly 165 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $1,014,500 they are 62 % more affordable than the average price for Highwood. The properties with the lowest average price have 1 bedroom, Their price is 52 % cheaper than the average. After that we have properties with 3 bedrooms priced at $399,289.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $149 / sq.feet, with an average $304 / sq.feet price in Highwood. The properties with the lowest average prices have 1 bedroom. They are 36 % cheaper than the average followed by properties with 3 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,014,500 it is 75 % cheaper than the average price in Highwood. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $259,466 it is 62 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $9 / sq.feet followed by "House" priced at $30 / sq.feet. "Apartment" is the cheapest type of property with a $149 / sq.feet value followed by "House" with an average price of $30 / sq.feet.