The prices in real estate in Mount Vernon, in the Illinois 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 Mount Vernon has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $105. In the following month the price per sq.feet decreased considerably to $69. The price for the following two months in (August, September) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $78 to $69 during October, and November.
Based upon to the price in Mount Vernon (cities), this has fallen considerably in the last 6 months. The average price for June is $358,911. During July the price had a considerable reduction till $155,108. During the following two months (August, September) the average price had a considerable reduction of 56 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $200,840.5 to $152,765, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $153,261 they are 64 % more affordable than the average price for Mount Vernon. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $162,612.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $54 / sq.feet, with an average $68 / sq.feet price in Mount Vernon. The properties with the highest average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $74 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $153,261 it is 33 % cheaper than the average price in Mount Vernon. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $146,848 it is 23 % 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 $31 / sq.feet followed by "House" priced at $69 / sq.feet. "Apartment" is the most costly type of property with a $109 / sq.feet cost followed by "Condo" with an average price of $70 / sq.feet.