The prices in real estate in Marengo, in the Iowa 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 Marengo has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $114. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (August, September) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable increase of 167 % 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 $51.25 to $85.5 during October, and November.
Based upon to the price in Marengo (cities), this has fallen considerably in the last 6 months. The average price for June is $176,440. During July the price had a considerable reduction till . During the following two months (August, September) the average price had a considerable reduction of 82 % 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 188 % 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 $139,170 they are 79 % more affordable than the average price for Marengo. The properties with the highest average price have 3 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 4 bedrooms priced at $138,799.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $2 / sq.feet, with an average $84 / sq.feet price in Marengo. The properties with the lowest average prices have 2 bedrooms. They are 40 % cheaper than the average followed by properties with 4 bedrooms with a price at $16 / sq.feet.
With regard to the average price based upon the property in Marengo we can see that the cheapest property type is "House" at a price of $87,288, they are 37 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 37 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $9 / sq.feet. "House" with an average cost of $9 / sq.feet has the lowest price and would be directed at less affluent cities.