The prices in real estate in Spencer, in the Indiana 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 Spencer has increased strongly during the last 6 months. In March, the average price per sq.feet was $125. In the following month the price per sq.feet decreased to $118. The price for the following two months in (May, June) had a considerable increment of 626 %. The price per sq.feet has had a considerable increase of 350 % 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 $441.25 to $1,544 during July, and August.
Based upon to the price in Spencer (cities), this has gone up considerably in the last 6 months. The average price for March is $301,288. During April the price had a considerable reduction till $252,867. During the following two months (May, June) the average price had a considerable increase of 385 % 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 248 % 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 $2,063,184 they are 95 % more affordable than the average price for Spencer. The properties with the lowest average price have 2 bedrooms, Their price is 85 % cheaper than the average. After that we have properties with 4 bedrooms priced at $257,392.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $85 / sq.feet, with an average $1,975 / sq.feet price in Spencer. The properties with the lowest average prices have 2 bedrooms. They are 92 % cheaper than the average followed by properties with 3 bedrooms with a price at $89 / sq.feet.
With regard to the average price based upon the property in Spencer we can see that the cheapest property type is "Farm" at a price of $193,189, they are 91 % more affordable than the average price of (!PRECIO2!). "Farm" has the lowest price. This price is 91 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Farm with an average price of $89 / sq.feet. "Farm" with an average cost of $89 / sq.feet has the lowest price and would be directed at less affluent cities.