The prices in real estate in Janesville, in the Wisconsin 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 Janesville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $117. In the following month the price per sq.feet increased to $129. The price for the following two months in (September, October) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 59 % 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 $116 to $68.5 during November, and December.
Based upon to the price in Janesville (cities), this has gone up in the last 6 months. The average price during our first sample month during July, is $248,388. During August the price went through a considerable rise reaching $513,960. During the following two months (September, October) the average price had a considerable reduction of 65 % 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 $314,011.5 to $200,900, which means a 64 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $198,482 they are 35 % more affordable than the average price for Janesville. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 1 bedroom priced at $194,242.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $87 / sq.feet, with an average $53 / sq.feet price in Janesville. The properties with the highest average prices have 3 bedrooms. They are 2025 % more expensive than the average followed by properties with 1 bedroom with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $198,482 it is 4 % cheaper than the average price in Janesville. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $191,337 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $73 / sq.feet followed by "Condo" priced at $83 / sq.feet. "Apartment" is the most costly type of property with a $85 / sq.feet cost followed by "Condo" with an average price of $83 / sq.feet.