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 March, the average price per sq.feet was $551. In the following month the price per sq.feet decreased considerably to $452. The price for the following two months in (May, June) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 62 % 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 $394 to $245 during July, and August.
Based upon to the price in Panora (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during March, is $780,286. During April the price went through a considerable rise reaching $965,000. During the following two months (May, June) the average price had a considerable reduction of 66 % 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 $723,575 to $447,463, which means a 62 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 9 % cheaper than the average price of $382,723 in Panora. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 9 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 17 % cheaper than the average price of ($196 / 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 17 % 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 $332,111, they are 21 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 21 % 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 $134 / sq.feet. "Apartment" with an average cost of $134 / sq.feet has the lowest price and would be directed at less affluent cities.