The prices in real estate in Sister Bay, in the Wisconsin 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 Sister Bay has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $1,512. In the following month the price per sq.feet decreased considerably to $405. The price for the following two months in (May, June) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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 $689.75 to $400.5 during July, and August.
Based upon to the price in Sister Bay (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $834,451. In April This price remains at $798,392. In the following two months the average price has remained the same with regard to the previous two months from $816,421.5 to $849,279. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $832,850.25 to $790,465 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $826,209 they are 86 % more affordable than the average price for Sister Bay. The properties with the highest average price have 4 bedrooms, Their price is 230 % more costly than the average. After that we have properties with 3 bedrooms priced at $805,680.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $122 / sq.feet, with an average $407 / sq.feet price in Sister Bay. The properties with the highest average prices have 4 bedrooms. They are 184 % more expensive than the average followed by properties with 2 bedrooms with a price at $401 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $826,209 it is 22 % cheaper than the average price in Sister Bay. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $647,078 it is 58 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $333 / sq.feet followed by "House" priced at $448 / sq.feet. "House" is the most costly type of property with a $448 / sq.feet cost followed by "Condo" with an average price of $333 / sq.feet.