The prices in real estate in Kansas City, in the Kansas 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 Kansas City has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $3,126. In the following month the price per sq.feet increased considerably to $4,878. The price for the following two months in (July, August) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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 $2,215.75 to $91.5 during September, and October.
Based upon to the price in Kansas City (cities), this has fallen considerably in the last 6 months. The price in May is $203,419, rising in June till $221,600. During the following two months (July, August) the average price had a considerable reduction of 73 % 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 $183,729.25 to $155,244, which means a 84 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 13 % cheaper than the average price of $139,727 in Kansas City. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 13 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 474 % more costly than the average price of ($517 / sq.feet) in Kansas City. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 474 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $160,242 it is 13 % cheaper than the average price in Kansas City. "Farm" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Apartment". At a price of $139,727 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $517 / sq.feet followed by "Farm" priced at $641 / sq.feet. "Farm" is the most costly type of property with a $641 / sq.feet cost followed by "Apartment" with an average price of $517 / sq.feet.