The prices in real estate in North Vernon, 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 North Vernon has increased strongly during the last 6 months. In September, the average price per sq.feet was $87. In the following month the price per sq.feet increased to $100. In the following two months the price per sq.feet has increased 108 %, going from $93.5 to $101 per sq.feet. The price per sq.feet has increased 105 % 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 $97.25 to $102.5 during January, and February.
Based upon to the price in North Vernon (cities), this has fallen considerably in the last 6 months. The average price for September is $233,200. During October the price had a considerable reduction till $175,920. During the following two months (November, December) the average price had a considerable reduction of 83 % 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 $186,957 to $153,736, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $140,018 they are 74 % more affordable than the average price for North 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 $133,974.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $32 / sq.feet, with an average $96 / sq.feet price in North Vernon. The properties with the lowest average prices have 2 bedrooms. They are 34 % cheaper than the average followed by properties with 3 bedrooms with a price at $62 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $140,018 it is 0 % cheaper than the average price in North Vernon. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $139,728 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $48 / sq.feet followed by "House" priced at $67 / sq.feet. "House" is the cheapest type of property with a $67 / sq.feet value followed by "Land" with an average price of $48 / sq.feet.