The prices in real estate in Panora, 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 Panora has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $559. In the following month the price per sq.feet decreased considerably to $333. The price for the following two months in (June, July) decreased 89 % with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $421.75 to $378.5 during August, and September.
Based upon to the price in Panora (cities), this has fallen considerably in the last 6 months. The average price for April is $937,500. During May the price had a considerable reduction till $503,181. In the following two months the average price has remained the same with regard to the previous two months from $720,340.5 to $716,111. 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 $718,225.75 to $637,346 in August and September.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 32 % cheaper than the average price of $378,529 in Panora. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 32 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 45 % cheaper than the average price of ($185 / sq.feet) in Panora. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 45 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Panora we can see that the cheapest property type is "Apartment" at a price of $328,470, they are 41 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 41 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $123 / sq.feet. "Apartment" with an average cost of $123 / sq.feet has the lowest price and would be directed at less affluent cities.