The prices in real estate in Mason City, 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 Mason City has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $81. In the following month the price per sq.feet decreased to $70. The price for the following two months in (September, October) decreased 87 % with regard to the prior two months. The price per sq.feet has decreased 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 $70.5 to $60 during November, and December.
Based upon to the price in Mason City (cities), this has gone downing the last 6 months. The price in July is $154,910, rising in August till $168,017. 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 reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $151,993.5 to $140,777 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $138,117 they are 39 % more affordable than the average price for Mason City. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 3 bedrooms priced at $130,366.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $55 / sq.feet, with an average $60 / sq.feet price in Mason City. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 4 bedrooms with a price at $70 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $138,117 it is 26 % cheaper than the average price in Mason City. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $102,596 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $56 / sq.feet followed by "House" priced at $556 / sq.feet. "House" is the most costly type of property with a $556 / sq.feet cost followed by "Detached House" with an average price of $56 / sq.feet.