The prices in real estate in River Falls, 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 River Falls has increased strongly during the last 6 months. In March, the average price per sq.feet was $242. In the following month the price per sq.feet decreased considerably to $126. The price for the following two months in (May, June) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable increase of 382 % 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 $153.5 to $586 during July, and August.
Based upon to the price in River Falls (cities), this has fallen considerably in the last 6 months. The average price for March is $441,258. During April the price had a considerable reduction till $261,333. During the following two months (May, June) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $307,008.5 and $316,441 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $322,378 they are 2 % more expensive than the average price for River Falls. Following this ranking we find those properties with 3 at an average price of $397,237. The properties with the highest average price have 3 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 1 bedroom priced at $328,850.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $291 / sq.feet, with an average $148 / sq.feet price in River Falls. The properties with the highest average prices have 3 bedrooms. They are 106 % more expensive than the average followed by properties with 1 bedroom with a price at $291 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most costly one. At an cost of $322,378 it is 6 % more expensive than the average price in River Falls. "Land" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Land". At a price of $397,237 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $134 / sq.feet followed by "Condo" priced at $235 / sq.feet. "Land" is the most costly type of property with a $305 / sq.feet cost followed by "Condo" with an average price of $235 / sq.feet.