The prices in real estate in Washington, in the Missouri 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 Washington has increased strongly during the last 6 months. In March, the average price per sq.feet was $992. In April this price pretty much remained the same at a value of $963 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 4262 %. The price per sq.feet has had a considerable increase of 115 % 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 $21,319 to $24,594 during July, and August.
Based upon to the price in Washington (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $503,317. In April This price remains at $508,674. During the following two months (May, June) the average price had a considerable increase of 117 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $547,824 to $393,994.5, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $404,014 they are 66 % more affordable than the average price for Washington. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $323,183.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $128 / sq.feet, with an average $29,959 / sq.feet price in Washington. The properties with the highest average prices have 4 bedrooms. They are 381 % more expensive than the average followed by properties with 3 bedrooms with a price at $29,792 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $404,014 it is 65 % cheaper than the average price in Washington. "Farm" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $397,968 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $314 / sq.feet followed by "House" priced at $25,652 / sq.feet. "Condo" is the most costly type of property with a $85,534 / sq.feet cost followed by "Land" with an average price of $27,543 / sq.feet.