The prices in real estate in Mitchell, in the Indiana 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 Mitchell has increased strongly during the last 6 months. In September, the average price per sq.feet was $122. In the following month the price per sq.feet increased to $133. The price for the following two months in (November, December) had a considerable increment of 144 %. The price per sq.feet has had a considerable increase of 181 % 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 $155.25 to $281.5 during January, and February.
Based upon to the price in Mitchell (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $188,588. In October This price remains at $186,006. During the following two months (November, December) the average price fell 90 % 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 91 %, going from $177,655.25 to $162,175.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $146,238 they are 70 % more affordable than the average price for Mitchell. The properties with the highest average price have 4 bedrooms, Their price is 78 % more costly than the average. After that we have properties with 3 bedrooms priced at $182,847.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $30 / sq.feet, with an average $440 / sq.feet price in Mitchell. The properties with the lowest average prices have 3 bedrooms. They are 72 % cheaper than the average followed by properties with 2 bedrooms with a price at $118 / sq.feet.
With regard to the average price based upon the property in Mitchell we can see that most expensive property type is "House" at a price of $172,474, they are 18 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 18 % more expensive 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 $117 / sq.feet. "House" with an average cost of $117 / sq.feet has the lowest price and would be directed at less affluent cities.