The prices in real estate in South Milwaukee, 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 South Milwaukee has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $119. In January this price pretty much remained the same at a value of $117 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable increase of 147 % 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 $88.5 to $130 during April, and May.
Based upon to the price in South Milwaukee (cities), this has fallen considerably in the last 6 months. The average price for December is $164,368. During January the price had a slight fall till $146,508. During the following two months (February, March) the average price had a considerable reduction of 44 % 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 risen strongly 171 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 28 % cheaper than the average price of $146,067 in South Milwaukee. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 28 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 14 % cheaper than the average price of ($114 / sq.feet) in South Milwaukee. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 14 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $203,703 it is 29 % cheaper than the average price in South Milwaukee. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $145,239 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $86 / sq.feet followed by "Duplex" priced at $89 / sq.feet. "House" is the cheapest type of property with a $114 / sq.feet value followed by "Duplex" with an average price of $89 / sq.feet.