The prices in real estate in Jackson, in the Mississippi 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 Jackson has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $929. In the following month the price per sq.feet decreased considerably to $73. The price for the following two months in (September, October) had a considerable decrease of 13 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 20 % 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 $283.5 to $56.5 during November, and December.
Based upon to the price in Jackson (cities), this has fallen considerably in the last 6 months. The average price for July is $147,067. During August the price had a slight fall till $130,055. During the following two months (September, October) the average price had a considerable reduction of 84 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $127,710.75 to $114,794.5 in November and December.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 315 % more costly than the average price of $475,425 in Jackson. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 315 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 4507 % more costly than the average price of ($2,672 / sq.feet) in Jackson. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4507 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most costly one. At an cost of $114,620 it is 2 % more expensive than the average price in Jackson. "Townhouse" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $229,031 it is 315 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Office" at an average cost of $596 / sq.feet followed by "Townhouse" priced at $1,645 / sq.feet. "Apartment" is the most costly type of property with a $2,672 / sq.feet cost followed by "Commercial" with an average price of $1,655 / sq.feet.