The prices in real estate in Mount Vernon, in the Missouri 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 March, the average price per sq.feet was $4,817. In the following month the price per sq.feet decreased considerably to $155. The price for the following two months in (May, June) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 13 % 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 $1,323.25 to $167.5 during July, and August.
Based upon to the price in Mount Vernon (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $228,016. During April the price went through a considerable rise reaching $311,695. During the following two months (May, June) the average price had a considerable increase of 117 % 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 gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $302,215 they are 35 % more affordable than the average price for Mount Vernon. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at $358,867.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $184 / sq.feet, with an average $165 / sq.feet price in Mount Vernon. The properties with the highest average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 2 bedrooms with a price at $219 / sq.feet.
With regard to the average price based upon the property in Mount Vernon we can see that most expensive property type is "Apartment" at a price of $425,777, they are 41 % more costly than the average price of (!PRECIO2!). "Apartment" has the highest price. This price is 41 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Apartment with an average price of $214 / sq.feet. "Apartment" at an average price of $214 / sq.feet has the most expensive price and would be directed at more affluent cities.