The prices in real estate in Shoals, in the Indiana 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 Shoals has increased strongly during the last 6 months. In November, the average price per sq.feet was $125. In the following month the price per sq.feet increased considerably to $185. The price for the following two months in (January, February) had a considerable increment of 514 %. The price per sq.feet has had a considerable deflation of 64 % 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 $476 to $305.5 during March, and April.
Based upon to the price in Shoals (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $192,033. During December the price went through a considerable rise reaching $260,525. During the following two months (January, February) the average price had a considerable increase of 271 % 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 gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $329,033 they are 90 % more affordable than the average price for Shoals. The properties with the highest average price have 2 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $177,099.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $18 / sq.feet, with an average $202 / sq.feet price in Shoals. The properties with the highest average prices have 2 bedrooms. They are 30 % more expensive than the average followed by properties with 3 bedrooms with a price at $96 / sq.feet.
With regard to the average price based upon the property in Shoals we can see that the cheapest property type is "House" at a price of $135,949, they are 59 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 59 % 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 $43 / sq.feet. "House" with an average cost of $43 / sq.feet has the lowest price and would be directed at less affluent cities.