The prices in real estate in Valley City, in the North Dakota 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 Valley City has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $193. In the following month the price per sq.feet decreased considerably to $82. The price for the following two months in (September, October) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 75 % 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 $109.5 to $82 during November, and December.
Based upon to the price in Valley City (cities), these have remained the same in the last 6 months. The average price for July is $176,525. During August the price had a slight fall till $167,692. In the following two months the average price has remained the same with regard to the previous two months from $172,108.5 to $171,772.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $191,353 they are 57 % more affordable than the average price for Valley City. The properties with the lowest average price have 3 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 1 bedroom priced at $83,171.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $78 / sq.feet, with an average $84 / sq.feet price in Valley City. The properties with the lowest average prices have 1 bedroom. They are 5 % cheaper than the average followed by properties with 3 bedrooms with a price at $78 / sq.feet.
With regard to the average price based upon the property in Valley City we can see that the cheapest property type is "House" at a price of $150,233, they are 21 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 21 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $78 / sq.feet. "House" with an average cost of $78 / sq.feet has the lowest price and would be directed at less affluent cities.