The prices in real estate in Sioux City, in the Iowa 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 Sioux City has increased strongly during the last 6 months. In April, the average price per sq.feet was $106. In the following month the price per sq.feet increased considerably to $1,347. The price for the following two months in (June, July) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 23 % 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 $408.25 to $92.5 during August, and September.
Based upon to the price in Sioux City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $223,686. During May the price went through a considerable rise reaching $403,975. In the following two months the average price has remained the same with regard to the previous two months from $313,830.5 to $303,114. During the last two months the average price has had a strong fall compared to the previous four going from $308,472.25 to $255,821, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $187,451 they are 57 % more affordable than the average price for Sioux City. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 2 bedrooms priced at $198,804.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $73 / sq.feet, with an average $104 / sq.feet price in Sioux City. The properties with the highest average prices have 2 bedrooms. They are 32 % more expensive than the average followed by properties with 1 bedroom with a price at $86 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $187,451 it is 22 % cheaper than the average price in Sioux City. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $185,672 it is 3 % 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 $73 / sq.feet followed by "House" priced at $88 / sq.feet. "Commercial" is the most costly type of property with a $682 / sq.feet cost followed by "Land" with an average price of $96 / sq.feet.