The prices in real estate in Urbandale, in the Iowa 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 Urbandale has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $395. In the following month the price per sq.feet decreased considerably to $174. The price for the following two months in (September, October) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $224 to $177.5 during November, and December.
Based upon to the price in Urbandale (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $315,648. In August This price remains at $318,946. During the following two months (September, October) the average price fell 88 % 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 gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $326,301 they are 3 % more affordable than the average price for Urbandale. The properties with the highest average price have 1 bedroom, Their price is 1 % more costly than the average. After that we have properties with 4 bedrooms priced at $316,406.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $179 / sq.feet, with an average $182 / sq.feet price in Urbandale. The properties with the lowest average prices have 4 bedrooms. They are 1 % cheaper than the average followed by properties with 1 bedroom with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $326,301 it is 3 % cheaper than the average price in Urbandale. "Apartment" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Townhouse". At a price of $360,563 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $107 / sq.feet followed by "Duplex" priced at $175 / sq.feet. "Apartment" is the cheapest type of property with a $181 / sq.feet value followed by "Condo" with an average price of $180 / sq.feet.