The prices in real estate in Sedalia, in the Missouri 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 Sedalia has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $969. In May this price pretty much remained the same at a value of $990 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 116 %. The price per sq.feet has had a considerable deflation of 7 % 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 $1,057.5 to $74.5 during August, and September.
Based upon to the price in Sedalia (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $156,702. In May This price remains at $152,411. During the following two months (June, July) the price has had an average incrementation from $154,556.5 to $168,156.5. During the last two months the average price has had a strong fall compared to the previous four going from $161,356.5 to $129,854.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $139,964 they are 76 % more affordable than the average price for Sedalia. The properties with the highest average price have 4 bedrooms, Their price is 96 % more costly than the average. After that we have properties with 3 bedrooms priced at $118,608.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $38 / sq.feet, with an average $78 / sq.feet price in Sedalia. The properties with the highest average prices have 4 bedrooms. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $77 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $139,964 it is 40 % cheaper than the average price in Sedalia. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "House". At a price of $126,641 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $63 / sq.feet followed by "House" priced at $77 / sq.feet. "Commercial Property" is the most costly type of property with a $184 / sq.feet cost followed by "House" with an average price of $77 / sq.feet.