The prices in real estate in Monona, in the Iowa region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Monona has fallen in the last 6 months. In February, the average price per sq.feet was $185. In the following month the price per sq.feet decreased to $167. The price for the following two months in (April, May) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable increase of 174 % 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 $134.25 to $233.5 during June, and July.
Based upon to the price in Monona (cities), these have remained the same in the last 6 months. The average price for February is $472,317. During March the price had a slight fall till $440,718. During the following two months (April, May) the average price had a considerable reduction of 76 % 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 162 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $422,084 they are 42 % more affordable than the average price for Monona. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $485,800.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $164 / sq.feet, with an average $210 / sq.feet price in Monona. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $226 / sq.feet.
With regard to the average price based upon the property in Monona we can see that the cheapest property type is "Commercial" at a price of $291,385, they are 31 % more affordable than the average price of (!PRECIO2!). "Commercial" has the lowest price. This price is 31 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Commercial with an average price of $135 / sq.feet. "Commercial" with an average cost of $135 / sq.feet has the lowest price and would be directed at less affluent cities.