The prices in real estate in Tiffin, 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 Tiffin has increased strongly during the last 6 months. In February, the average price per sq.feet was $136. In the following month the price per sq.feet increased considerably to $1,868. The price for the following two months in (April, May) had a considerable increment of 401 %. The price per sq.feet has had a considerable deflation of 83 % 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 $2,511 to $2,083 during June, and July.
Based upon to the price in Tiffin (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $314,463. In March This price remains at $308,047. During the following two months (April, May) the price has had an average incrementation from $311,255 to $354,485. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $332,870 to $293,887 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $270,934 they are 68 % more affordable than the average price for Tiffin. The properties with the highest average price have 2 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 1 bedroom priced at $87,725.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $97 / sq.feet, with an average $532 / sq.feet price in Tiffin. The properties with the lowest average prices have 2 bedrooms. They are 76 % cheaper than the average followed by properties with 1 bedroom with a price at $97 / sq.feet.
With regard to the average price based upon the property in Tiffin we can see that most expensive property type is "Condo" at a price of $335,113, they are 24 % more costly than the average price of (!PRECIO2!). "Condo" has the highest price. This price is 24 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Condo with an average price of $129 / sq.feet. "Condo" with an average cost of $129 / sq.feet has the lowest price and would be directed at less affluent cities.