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 July, the average price per sq.feet was $77. In the following month the price per sq.feet increased to $81. The price for the following two months in (September, October) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 118 % 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 $87.5 to $103 during November, and December.
Based upon to the price in Sioux City (cities), this has fallen considerably in the last 6 months. The average price for July is $394,175. During August the price had a considerable reduction till $324,191. During the following two months (September, October) the average price had a considerable reduction of 53 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $274,828.25 to $193,756.5, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $183,862 they are 52 % more affordable than the average price for Sioux City. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 2 bedrooms priced at $209,011.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $101 / sq.feet price in Sioux City. The properties with the highest average prices have 2 bedrooms. They are 50 % more expensive than the average followed by properties with 3 bedrooms with a price at $90 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $183,862 it is 20 % 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 $185,114 it is 4 % 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 $70 / sq.feet followed by "House" priced at $85 / sq.feet. "Commercial" is the most costly type of property with a $679 / sq.feet cost followed by "Land" with an average price of $93 / sq.feet.