The prices in real estate in Marion, 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 Marion has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $197. In the following month the price per sq.feet decreased considerably to $121. The price for the following two months in (September, October) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $136.5 to $115.5 during November, and December.
Based upon to the price in Marion (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is $266,493. In August This price remains at $259,893. During the following two months (September, October) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $247,396.25 and $245,213.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $237,613 they are 8 % more expensive than the average price for Marion. Following this ranking we find those properties with 1 at an average price of $265,526. The properties with the highest average price have 1 bedroom, Their price is 12 % more costly than the average. After that we have properties with 4 bedrooms priced at $256,059.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $121 / sq.feet, with an average $111 / sq.feet price in Marion. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 4 bedrooms with a price at $121 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $237,613 it is 44 % cheaper than the average price in Marion. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $188,114 it is 8 % 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 $121 / sq.feet followed by "Duplex" priced at $156 / sq.feet. "Townhouse" is the most costly type of property with a $899 / sq.feet cost followed by "Duplex" with an average price of $156 / sq.feet.