The prices in real estate in Polk City, 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 Polk City has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $275. In the following month the price per sq.feet decreased considerably to . In the following two months the price per sq.feet has barely changed, going from $137.5 to $143 per sq.feet. The price per sq.feet has had a considerable increase of 128 % 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 $140.25 to $179 during August, and September.
Based upon to the price in Polk City (cities), this has fallen considerably in the last 6 months. The average price for April is $422,723. During May the price had a considerable reduction till . During the following two months (June, July) the average price had a considerable increase of 133 % 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 136 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $291,763 they are 20 % more expensive than the average price for Polk City. Following this ranking we find those properties with 1 at an average price of $350,788. The properties with the highest average price have 1 bedroom, Their price is 20 % more costly than the average. After that we have properties with 2 bedrooms priced at $349,735.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $187 / sq.feet, with an average $179 / sq.feet price in Polk City. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $187 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $291,763 it is 7 % more expensive than the average price in Polk City. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $313,086 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $187 / sq.feet followed by "Apartment" priced at $15,183 / sq.feet. "Apartment" is the most costly type of property with a $15,183 / sq.feet cost followed by "House" with an average price of $187 / sq.feet.