The prices in real estate in Mequon, in the Wisconsin region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Mequon has increased strongly during the last 6 months. In October, the average price per sq.feet was $216. In the following month the price per sq.feet increased to $227. In the following two months the price per sq.feet has barely changed, going from $221.5 to $223.5 per sq.feet. The price per sq.feet has had a considerable increase of 899 % 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 $222.5 to $2,000.5 during February, and March.
Based upon to the price in Mequon (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $692,632. In November This price remains at $724,069. In the following two months the average price has remained the same with regard to the previous two months from $708,350.5 to $706,137. 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 $707,243.75 and $714,825.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $708,531 they are 81 % more affordable than the average price for Mequon. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $545,606.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $153 / sq.feet, with an average $3,746 / sq.feet price in Mequon. The properties with the lowest average prices have 3 bedrooms. They are 93 % cheaper than the average followed by properties with 2 bedrooms with a price at $215 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $708,531 it is 49 % cheaper than the average price in Mequon. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of $827,926 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $152 / sq.feet followed by "Duplex" priced at $162 / sq.feet. "Detached House" is the cheapest type of property with a $224 / sq.feet value followed by "Apartment" with an average price of $179 / sq.feet.