The prices in real estate in Rio, 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 Rio has increased strongly during the last 6 months. In June, the average price per sq.feet was $226. In July this price pretty much remained the same at a value of $237 per sq.feet. The price for the following two months in (August, September) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has had a considerable increase of 767 % 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 $196.75 to $1,509 during October, and November.
Based upon to the price in Rio (cities), this has fallen considerably in the last 6 months. The price in June is $489,633, rising in July till $531,800. During the following two months (August, September) the average price had a considerable reduction of 74 % 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 $443,239.75 to $370,895, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $367,462 they are 66 % more affordable than the average price for Rio. The properties with the highest average price have 3 bedrooms, Their price is 115 % more costly than the average. After that we have properties with 2 bedrooms priced at $201,606.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $34 / sq.feet, with an average $727 / sq.feet price in Rio. The properties with the lowest average prices have 3 bedrooms. They are 74 % cheaper than the average followed by properties with 1 bedroom with a price at $118 / sq.feet.
With regard to the average price based upon the property in Rio we can see that the cheapest property type is "House" at a price of $123,903, they are 66 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 66 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $34 / sq.feet. "House" with an average cost of $34 / sq.feet has the lowest price and would be directed at less affluent cities.