The prices in real estate in Independence, in the Kansas 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 Independence has increased strongly during the last 6 months. In November, the average price per sq.feet was $32. In the following month the price per sq.feet increased considerably to $42. The price for the following two months in (January, February) had a considerable increment of 996 %. The price per sq.feet has had a considerable increase of 255 % 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 $202.75 to $516.5 during March, and April.
Based upon to the price in Independence (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $58,182. During December the price went through a considerable rise reaching $78,450. During the following two months (January, February) the average price had a considerable increase of 135 % 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 risen strongly 132 % 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 $117,542 they are 87 % more affordable than the average price for Independence. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $95,697.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1 / sq.feet, with an average $658 / sq.feet price in Independence. The properties with the highest average prices have 4 bedrooms. They are 113 % more expensive than the average followed by properties with 3 bedrooms with a price at $265 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $117,542 it is 31 % cheaper than the average price in Independence. "Commercial" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $87,808 it is 139 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $25 / sq.feet followed by "Farm" priced at $85 / sq.feet. "House" is the cheapest type of property with a $509 / sq.feet value followed by "Commercial" with an average price of $395 / sq.feet.