The prices in real estate in North Liberty, in the Iowa 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 North Liberty has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $2,828. In the following month the price per sq.feet decreased considerably to $382. The price for the following two months in (May, June) had a considerable increment of 226 %. The price per sq.feet has had a considerable deflation of 7 % 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 $2,616.5 to $185 during July, and August.
Based upon to the price in North Liberty (cities), this has fallen considerably in the last 6 months. The average price for March is $459,376. During April the price had a slight fall till $390,853. In the following two months the average price has remained the same with regard to the previous two months from $425,114.5 to $406,675.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $415,895 to $371,962.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $365,313 they are 25 % more affordable than the average price for North Liberty. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 2 bedrooms priced at $317,871.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $122 / sq.feet, with an average $185 / sq.feet price in North Liberty. The properties with the highest average prices have 4 bedrooms. They are 646 % more expensive than the average followed by properties with 1 bedroom with a price at $142 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $365,313 it is 62 % cheaper than the average price in North Liberty. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Detached House". At a price of $553,262 it is 215 % 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 $49 / sq.feet followed by "Condo" priced at $136 / sq.feet. "Land" is the most costly type of property with a $2,467 / sq.feet cost followed by "House" with an average price of $2,182 / sq.feet.