The prices in real estate in Rio, in the Wisconsin 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 Rio has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $250. In the following month the price per sq.feet decreased considerably to $185. The price for the following two months in (May, June) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable increase of 178 % 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 $154.5 to $275 during July, and August.
Based upon to the price in Rio (cities), this has gone downing the last 6 months. The average price for March is $357,107. During April the price had a slight fall till $333,814. During the following two months (May, June) the average price had a considerable reduction of 51 % 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 184 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $535,410 they are 77 % more affordable than the average price for Rio. The properties with the highest average price have 3 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 2 bedrooms priced at $199,995.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $26 / sq.feet, with an average $286 / sq.feet price in Rio. The properties with the lowest average prices have 3 bedrooms. They are 36 % cheaper than the average followed by properties with 1 bedroom with a price at $110 / 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 $122,911, they are 77 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 77 % 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 $26 / sq.feet. "House" with an average cost of $26 / sq.feet has the lowest price and would be directed at less affluent cities.