The prices in real estate in Park Falls, in the Wisconsin 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 Park Falls has increased strongly during the last 6 months. In April, the average price per sq.feet was $356. In the following month the price per sq.feet increased considerably to $428. The price for the following two months in (June, July) had a considerable increment of 135 %. The price per sq.feet has had a considerable deflation of 65 % 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 $460.75 to $300.5 during August, and September.
Based upon to the price in Park Falls (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $72,504. In May This price remains at $72,620. During the following two months (June, July) the average price had a considerable increase of 132 % 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 $84,130.25 to $64,098, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $66,911 they are 3 % more expensive than the average price for Park Falls. Following this ranking we find those properties with 2 at an average price of $99,083. The properties with the highest average price have 3 bedrooms, Their price is 85 % more costly than the average. After that we have properties with 1 bedroom priced at $111,767.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $254 / sq.feet, with an average $302 / sq.feet price in Park Falls. The properties with the highest average prices have 4 bedrooms. They are 155 % more expensive than the average followed by properties with 1 bedroom with a price at $747 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $66,911 it is 52 % cheaper than the average price in Park Falls. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $32,044 it is 53 % 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 $140 / sq.feet followed by "House" priced at $617 / sq.feet. "House" is the most costly type of property with a $617 / sq.feet cost followed by "Land" with an average price of $140 / sq.feet.