The prices in real estate in Wapello, in the Iowa region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Wapello has fallen in the last 6 months. In November, the average price per sq.feet was $6,905. In the following month the price per sq.feet decreased considerably to $201. The price for the following two months in (January, February) had a considerable increment of 151 %. The price per sq.feet has had a considerable increase of 245 % 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 $4,459 to $10,920 during March, and April.
Based upon to the price in Wapello (cities), these have remained the same in the last 6 months. The average price during our first sample month during November, is $268,171. During December the price went through a considerable rise reaching $518,200. During the following two months (January, February) the average price had a considerable reduction of 27 % 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 113 % during the last two months.