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 April, the average price per sq.feet was $133. In the following month the price per sq.feet increased considerably to $440. The price for the following two months in (June, July) had a considerable increment of 117 %. The price per sq.feet has had a considerable deflation of 55 % 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 $310.25 to $171 during August, and September.
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 April, is $206,883. During May the price went through a considerable rise reaching $301,300. During the following two months (June, July) the average price had a considerable increase of 158 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 128 % 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 $227,362 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 18 % cheaper than the average price of ($146 / 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 18 % 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 $375,975 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 $227,362 it is 35 % 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 $146 / sq.feet followed by "Townhouse" priced at $1,221 / sq.feet. "Townhouse" is the most costly type of property with a $1,221 / sq.feet cost followed by "Land" with an average price of $146 / sq.feet.