The prices in real estate in Pella, in the Iowa 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 Pella has increased strongly during the last 6 months. In October, the average price per sq.feet was $74. In the following month the price per sq.feet increased considerably to $128. In the following two months the price per sq.feet has barely changed, going from $101 to $96 per sq.feet. The price per sq.feet has had a considerable increase of 163 % 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 $98.5 to $161 during February, and March.
Based upon to the price in Pella (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $295,317. During November the price went through a considerable rise reaching $375,676. In the following two months the average price has remained the same with regard to the previous two months from $335,496.5 to $329,541. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 40 % cheaper than the average price of $225,998 in Pella. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 40 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 21 % cheaper than the average price of ($140 / sq.feet) in Pella. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 21 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $375,599 it is 40 % cheaper than the average price in Pella. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Land". At a price of $225,998 it is 36 % more affordable 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 "Townhouse" priced at $1,209 / sq.feet. "Townhouse" is the most costly type of property with a $1,209 / sq.feet cost followed by "Land" with an average price of $140 / sq.feet.