The prices in real estate in Smithville, in the Missouri 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 Smithville has increased strongly during the last 6 months. In March, the average price per sq.feet was $159. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (May, June) had a considerable increment of 790 %. The price per sq.feet has had a considerable deflation of 39 % 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 $353.75 to $137 during July, and August.
Based upon to the price in Smithville (cities), this has fallen considerably in the last 6 months. The average price for March is $464,675. During April the price had a considerable reduction till . During the following two months (May, June) the price has had an average incrementation from $232,337.5 to $245,391. Based on an analysis of the first four prices and the last two months the average price has risen strongly 135 % 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 $335,968 they are 71 % more affordable than the average price for Smithville. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at $315,346.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $94 / sq.feet, with an average $137 / sq.feet price in Smithville. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $157 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $335,968 it is 22 % cheaper than the average price in Smithville. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $351,086 it is 27 % 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 $112 / sq.feet followed by "House" priced at $136 / sq.feet. "Townhouse" is the most costly type of property with a $246 / sq.feet cost followed by "House" with an average price of $136 / sq.feet.